Covid-19: Government increases flexibility of loan repayments

Released 08 February 2021

Businesses that took out government-backed Bounce Back loans to help with the impact of Covid-19 are being given greater flexibility to repay their loans.

Businesses now have the option to tailor payments according to individual circumstances, including the option to delay all repayments for a further six months.

Further details can be found at 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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