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Bounce Back Loan Borrowers Have Greater Flexibility For Repaying Back Their Loan

Date:
Category:Latest News

If your business took advantage of the Bounce Back Loan then you will now have more flexibility when considering how and when to repay. Rishi Sunak has announced the following options:

  1. Extend the length of the loan from six years to ten
  2. Make interest-only payments for six months, with the option to use this up to three times throughout the loan
  3. Pause repayments entirely for up to six months

Read the complete article for further information on the Gov.uk website below;

https://www.gov.uk/government/news/chancellor-eases-burden-on-more-than-a-million-businesses-through-pay-as-you-grow-flexible-repayment-options

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