top of page
Search
    • Apr 27, 2020
    • 1 min read

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

As if closing the HMRC phones for 3 months in the summer wasn’t enough …. News today is HMRC intend to do the same again for 7 weeks in the busiest 7 weeks of the year….! From 11 December until 31 Jan

A lovely write up in the Tax Adviser journal by Salema Hafix from CIOT who attended the recent Cross border tax conference that our director Elaine Farrell co-hosted with Catriona Loughran of Extra ta

#UKAutumnStatement2023 #TaxAdvisors #FarrellandFarrell #CrossBorder #CrossBorderTaxAdvisors #UKTaxAdvisors #ROITaxAdvisors #Accountantnearme #NewryandMourne

bottom of page