What is the Bounce Back Loan Scheme?

The Bounce Back Loan Scheme (BBLS) was launched to enable businesses impacted by the current coronavirus pandemic to access financing quickly.

How do you apply?

You can borrow between £2,000 and £50,000 or up to 25% of the 2019 turnover on a term loan.

How much can you borrow?

You can enquire about applying for the Bounce Back Loan Scheme by completing the form at the bottom of this page.

Under what conditions?

  • The loan term is six years, but you can pay back the loan sooner with no early repayment charge
  • You will not be asked to provide a personal guarantee
  • You will not be asked to make any capital repayments for 12 months
  • The government will guarantee 100% of the loan and we won’t charge any fees or interest for the first 12 months as the Government will reimburse us
  • The interest rate is 2.5% fixed
  • The loan value is guaranteed by the Department for Business, Energy and Industrial Strategy. The guarantee is provided to Arbuthnot Latham, but you (the borrower) remain responsible for repaying 100% of the loan

About the Scheme

As a confirmed accredited lender of the government-backed Bounce Back Loan Scheme, we are here to support our clients during the coronavirus outbreak.

If you require additional information about the scheme, please visit the British Business Bank website.

Are you eligible for the Bounce Back Loan Scheme?

  • Your business is UK-based
  • Your business was established before 1 March 2020
  • You can certify that your business has been impacted by Coronavirus (COVID-19)
  • You are an existing Arbuthnot Latham client
  • Your business is neither bankrupt, in debt restructuring proceedings nor in liquidation
  • Your business is not currently benefitting from a government-backed Coronavirus loan scheme

Note: Credit institutions (falling within the remit of the Bank Recovery and Resolution Directive), public sector bodies, a state-funded primary or secondary schools and insurance companies are not eligible to apply.

Note: you must be allowed to apply for a loan on behalf of your business.

What else do you need to know?

Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit british-business-bank.co.uk

Enquire about the Bounce Back Loan Scheme

This is required

This is required

Are you

This is required

This is required

Thank you for your interest.

We have had to take the decision to focus on providing Bounce Back loans only to current Arbuthnot Latham clients. We are very much a relationship bank and therefore feel that it is important to prioritise our clients, who have waited patiently for us to be admitted to the scheme. We therefore regret that at this time we are not able to accept applications from clients from other banks.

This is required

Has your business been affected by Coronavirus (Covid-19)?

This is required

This is required

If you have not been affected by COVID-19 and are looking for a business loan, please email us at BBLSTeam@arbuthnot.co.uk.

This is required

Key features of the Bounce Back Loan Scheme

  • Loans of between £2,000 to £50,000 (up to a maximum of 25% annual turnover)
  • The Government will cover the first 12 months of interest (this means you pay 0% for the first year)
  • No repayments required for the first 12 months
  • Interest rate of 2.5%
  • 6-year loan with no early repayment charges
  • You are 100% liable for the debt

If you would like to enquire about a Bounce Back Loan, please complete the form below and we will be in touch shortly.

This is required

This is required

This is required

This is required

This is required

This is required

Please read our Privacy Notice to understand how we use your data.

This is required

This is required

This is required