Bounce Back Loan Scheme Archives | Taxfile

Recovery Loan Scheme

Taxfile — Thu, 22 Apr 2021 12:59:06 +0000

The Bounce Back Loan Scheme (BBLS) application entries terminated on 31/03/2021 and now the government has introduced the Recovery Loan Scheme to finance UK businesses as they grow and recover from the disruption of the COVID-19 pandemic. The government guarantees 80% of the finance to the lenders, meaning the necessity of credit checks on the […]

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Bounce Back Loan Applications & Top-Ups ENDING

Taxfile — Mon, 01 Mar 2021 13:51:12 +0000

Applications for the Bounce Back Loan Scheme (BBLS) come to a close on 31st March 2021. The purpose of the scheme was to allow small businesses, regardless whether they were sole traders, partnerships, or limited companies, a way of getting a cash flow worth 25% of their turnover (within the range of £2-£50k) to support […]

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Taxfile Partners with Local Government to Offer Self Assessment Assistance

Taxfile — Fri, 08 Jan 2021 10:14:52 +0000

With the self-assessment tax deadline looming in the midst of a global pandemic and no announcement of an extension from the government (28 days would do), 5.4m* taxpayers (45%) still needing to submit a tax return before the 31st January and many of those are left feeling hopeless and helpless, unsure how to complete it […]

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Bounce Back Loan Scheme Deadline Extended

Taxfile — Wed, 25 Nov 2020 11:56:39 +0000

[UPDATED FEBRUARY 2021] The Bounce Back Loan Scheme (BBLS) was an initiative struck up between the Government and banks to enable small businesses to access finances more quickly through the pandemic. It allowed businesses to have access to 25% of their 2018/19 turnover, with a minimum loan of £2,000 and a maximum amount of £50,000. […]

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Bounce Back Loans for Struggling Businesses: Ending 30 November!

Mark — Wed, 07 Oct 2020 14:32:19 +0000

If your small or medium-sized business has struggled due to adverse trading conditions caused by the pandemic, it may be eligible for a support loan through the Government's Bounce Back Loan Scheme ('BBLS'). However, time is running out — you only have until 4 November 2020* to arrange the loan with a lender. That's just a few weeks away at time of writing. There are some great features, so don't miss out if you need financial support ...

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