Available from Monday 4th of May 2020 for UK businesses affected by the CORONA virus. Applications will made on-line via your business bank. Application forms will be designed to be simple to complete (2 pages long) with the aim for the cash to be delivered within 24 hours, although we wait to see the demand.
Minimum loan – £2k to a maximum of 25% annual turnover capped at £50,000. Loans guaranteed by the Government. 100% Government backed, interest free and capital payment free for the first 12 months.
Further information will be issued on Monday 4th May 2020