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31/03/2021 · The Bounce Back Loan Scheme was one of a number of government-backed lending schemes designed to support businesses affected by COVID-19. The scheme was a 100% government-backed initiative for small businesses Loans were between £2,000 and £50,000 (up to a maximum of 25% annual turnover), for 6 years Interest rate fixed at ;· Applications for the Coronavirus Business Interruption Loan Scheme (CBILS) closed on 31 March 2021. CBILS was a government-backed initiative for businesses with a turnover of up to £45 million. Lending through the scheme started at £50,001 up to £5 million, for a term of up to 6 ;· Lloyds were a pain originally. I spoke to them on day 1 of the BBL. They refused to open a business account for me and even stated that it would be pointless anyway, as they couldn't give me a business loan with no history on the account - even though I had a personal account and tax returns to show in

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