Gosport MP Cheers on New Bounce Back Loans for Businesses
Gosport’s own Caroline Dinenage has thrown her full support behind the brand-new Bounce Back Loan Scheme, which launched on May 4.
Quick Cash Boost for Small Businesses
The government’s Bounce Back Loan scheme is designed to help small and medium businesses grab between £2,000 and £50,000 fast. The key? The government guarantees 100% of the loan, with zero fees or interest for the first 12 months.
Easy Terms to Keep Money Flowing
- Loan terms last up to six years
- No repayments needed in the first year
- Low interest rates after the initial 12 months, negotiated by the government with lenders
This means many small firms can get vital cash injections within days, helping them survive and thrive during tough times.
MP Dinenage Backs the Scheme
“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.”
