The Bounce Back Loan Scheme (BBLS) is now closed to new applications, including applications for Top-Ups.


If you have a query about BBLS, please contact us in the usual way.

Pay As You Grow

As your BBLS loan reaches its 12 month anniversary and repayments become due, the government has introduced Pay As You Grow (PAYG), allowing you to:

  • Request an extension of your loan term to 10 years from six years, at the same fixed interest rate of 2.5%.
  • Reduce your monthly repayments for six months by paying interest only. This option is available up to three times during the term of your Bounce Back Loan.
  • Take a repayment holiday for up to six months. This option is available once during the term of your Bounce Back Loan.

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Please note that you can use these options individually or in combination with each other. You should be aware that you will pay more interest overall if you use one or more of these options, and that the length of the loan will increase in line with any repayment holidays taken.

Using these options won’t affect your credit score, or negatively affect your credit file. We may use requests for Pay As You Grow options to help us assess affordability in future lending applications. For example we will take into consideration incomings and outgoings, including existing debt repayments such as the Bounce Back Loan, and also your total debt exposure, which will include the outstanding Bounce Back Loan.

If you would like to understand more about these options, please contact your banker directly.

Recovery Loan Scheme

The Recovery Loan Scheme (RLS), was initially announced by the Government in the Budget on 3 March 2021 and subsequently updated in the Autumn budget. The Scheme, opened on 6 April 2021, provided support to businesses affected by Covid-19 as they recovered and grew following the pandemic. The RLS scheme was initially opened to any borrower size however from the 1 January 2022 it will only be available to small and medium sized enterprises (SMEs). From launch RLS supported a maximum facility size of up to £10m (from the 1 January 2022 this is reduced to up to £2m for any facility approved and/or documented after this date), with minimum facility sizes starting at £1,000 for Invoice and Asset Finance and £25,001 for Term Loans and Overdrafts. Arbuthnot Latham & Co., Ltd requires a minimum of balance of £500k of lending, deposits or assets under management.

Further information can be found on the British Business Bank website.

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.