Another day, another government announcement, this time with a quirky title. Bounce back Loans.
While the news of further support for small businesses may be a welcome one, it may be wise to stop, take a step back and think hard about the decision to apply. Unlike some of the other support packages this is a LOAN and not a grant. Although the repayments are delayed and there are promises of low rates you need to think about where we may be when the payments do start. The future is uncertain so please consider professional financial advice before signing up to any loan schemes.
Please click through to see the points of the scheme summarised on my website
I hope this quick summary helps to clarify the current business support offer, as ever I am here to help where I can.
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