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Bounce Back Loan Scheme

Lenders are ready to take your application directly.

Frequently Asked Questions

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400 reviews

Your Money In





6 Yrs
Interest rate is 2.5% fixed
Interest for the first 12 months is paid by the government
12 month capital repayment holiday
Personal guarantee is not required

How It Works

If your current provider is not listed, there are now lenders that will offer the BBLS without using them for your main bank account.

Find accredited lenders

View our list of accredited Bounce Back Loan lenders.

Select lender

If you have a bank account with a lender listed then you should apply through them.


The BBLS appliaction process has been simplfied and will only require a short form be complete.

Receive funds

You can expect funds within a few days. In some instances, the lender may ask you for additional information.

See 29 Accredited Lenders

Protect Your Business

Business protection insurance protects your business against the illness, disability or death of its directors or employees. Effectively you get personal life and income protection cover paid for by your business, with various tax benefits.

Excellent Service

Don't just take our word for it. Read our latest reviews.

Jim Sylvester
Rated 5.00 stars out of 5

Matt's assistance in arranging my loan was excellent. The whole process was easy and any queries I had were promptly answered. Nothing was too much trouble and help was always on hand. Thanks for y...

Atheer Ibrahim
Rated 5.00 stars out of 5

Rebecca Jones was amazing as always. This is the sixth time I have used B2B and will continue to do so for all further mortgages and remortgages as required. The process was quick and effi...

Dr Andrew F Johnson
Rated 5.00 stars out of 5

Before finding Liz Marshall I had spoken to 6 mortgage advisors and paid one for brokerage services. None of them have even come close to Liz's performance. Her service meant I dropped a dead end I ha...

Rated 5.00 stars out of 5

Ian Brooks..... He is the man. Straight shooting and goes the extra mile to make the mortgage process as easy as it could be (considering there were many hurdles). Certainly use this service again.

Rated 4.90 out of 5 based on 400 reviews

Frequently Asked Questions

Need answers? We got 'em.

Please click on the below link to see a full table of the current Bounce Back Loan Scheme (BBLS) providers.

Bounce Bank Business Loan accredited lenders

You will need to have a bank account open with one of these lenders in order to request your loan.

If you do not bank with any of these lenders then you need to wait until a new lender joins the scheme with the capability to lend to new customers.

Please "register" your interest in a BBL with us and when a new lender launches which is suitable we will let you know via email.

  • The loans are interest-free for the first 12 months, and no repayments are due within this period.

  • The rate of interest is fixed at 2.5% p.a (£50,000 @ 2.5% p.a over 5 years is £887.37 p.m)

  • BBLS loans are 100% backed by the government, whereas the CBILS loans are 80% government-backed.

  • There is no arrangement fees or early repayment charges.

  • No personal guarantee

  • The maximum term of the loan is six years.

  • Based in the UK.

  • Open to sole traders, partnerships, and LTD Co.

  • Affected by Coronavirus (open to interpretation).

  • Trading as of 1 March 2020.

  • Were not classed as “undertaking in difficulty” at anytime since 31 December 2019 - you may face questions if you knowingly took on debt when it was obvious the business had no ability to repay.

  • No credit checks

You cannot apply to both the CBILS and the Bounce Back Loan Scheme.

However, if your company has received a CBILS loan of up to £50,000 this might be able to be converted into a Bounce Back loan. You can apply to do this with your lender until 4 November 2020.

Similarly, if you receive a Bounce Back Loan you may be able to apply to convert it to a CBILS loan if you require more aid, though this has still to be clarified.

We have created a cashflow forecast spreadsheet that will allow you to enter your current bank balance and monthly expenses, which you can use to calculate if you have enough funds to see you through this period of disruption.

You can find the Coronavirus Cash Flow Forecast document here.

No. If your business has not been trading in 2019 then will not be eligible for the scheme.

Updated 31st March 2021

Please note this scheme will be extended until 31 March 2021.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

About Us

Legalwebb UK Ltd T/A is authorised and fully regulated by the FCA. Ref: 734694. operates as a commercial finance broker and is not a lender. is a full member of the financial intermediary and broker association (FIBA) and operates under its code of practice.

Contact Info
  • 0116 298 7376
  •, 169 London Road, Leicester, LE2 1EG
  • Monday - Friday, 9am - 5pm
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