Bounce Back Loan Scheme

(asked on 1st June 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether individuals who own more than one business can receive a covid-19 Bounce Back Loan for each of their businesses which requires such a loan.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 4th June 2020

A single business will not be eligible for multiple Bounce Back Loans; however, an individual who owns a number of separate businesses which do not fall under the same group, may apply for a Bounce Back Loan for each separate business entity.

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