Bounce Back Loan Scheme

(asked on 8th July 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, which Bounce Back Loan scheme accredited lenders are providing access to that scheme to new customers.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 17th July 2020

In order to offer the Bounce Back Loan Scheme (BBLS), finance providers must be accredited by the Government-owned British Business Bank. Accrediting new lenders for BBLS is a priority for the Bank. It is working at pace to accredit more lenders to further extend the scheme’s reach and provide more choice for businesses.

There are currently 26 accredited lenders for the BBLS. Several of these lenders are currently accepting applications from new customers and this is changing frequently. More information on all accredited lenders can be found on the British Business Bank website.

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