Gosport MP Cheers New Bounce Back Loans
Gosport’s Caroline Dinenage has thrown her weight behind the new Bounce Back Loans Scheme, launched today (4 May), aimed at rescuing small and medium-sized businesses.
Boost for Businesses in Crisis
The scheme allows firms to borrow between £2,000 and £50,000 with the government guaranteeing 100% of the loan. Best of all, there are no fees or interest for the first 12 months, giving businesses a vital breathing space.
Flexible Terms to Ease the Strain
- Loan term: up to 6 years
- No repayments for the first 12 months
- Government working with lenders to fix low interest rates after initial year
The aim? Speedy access to cash so small businesses can keep trading and survive the economic sting.
MP’s Support for Small Firms
“The Bounce Back Loans Scheme will offer additional protection to small firms, helping them get the finance they need so they can keep operating, protect jobs and incomes, and get through this crisis.” – Caroline Dinenage, MP for Gosport
