• Farrell & Farrell

UK Coronavirous Small Business Loan Scheme

Chancellor Rishi Sunak announced yesterday a new small business loan scheme.


The announcement is the launch of a new emergency loan scheme for small businesses to “bounce back”, which will offer 100% guarantee on emergency loans.


The scheme is to begin next week and SMEs will be able to apply for loans up to the value of 25% of their turnover, with a cap of £50,000. The Government will pay interest on the loans in the first 12 months.


The Chancellor has stated that a simple quick standard form is to be completed on application with a promise that loans are to arrive within 24 hours of approval.


0 views0 comments

Recent Posts

See All

UK COVID-19 - FOURTH SEISS

Claims for the fourth HMRC SEISS grant are now open for applications. Please find attached a summary of same.

UK COVID-19 - Large NAV Business Grant

LARGE NAV BUSINESS GRANT - Applications are now open for the Large NAV Business Grant. Applications are to be made via the following link and the deadline for applying for same is 11.59pm on Wednesda

Easter Opening Hours

The Easter holidays are here. Please note that our office will be closed Easter Monday & Easter Tuesday (5th & 6th April 2021) and will be reopening on Wednesday 7th April 2021. Happy Easter!