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UK unveils 100% state-backed 'Bounce Back Loan Scheme' for small businesses

  • Category
    Miscellaneous
  • Published
    5th May, 2020

United Kingdom's Finance Minister has unveiled a 100 per cent state-backed 'Bounce Back Loan Scheme' for the small businesses to help them tide through the coronavirus pandemic lockdown.

  • United Kingdom's Finance Minister has unveiled a 100 per cent state-backed 'Bounce Back Loan Scheme' for the small businesses to help them tide through the coronavirus pandemic lockdown.
  • The new fast-track finance scheme, would help bolster the existing package of support available to crisis-hit UK businesses
  • Under the scheme, qualifying small businesses can apply online to borrow between 2,000 pounds and 50,000 pounds as interest-free loans for the first 12 months.
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