Coronavirus Bounce Back Loan


The Coronavirus Bounce Back Loan is a scheme helps small and medium-sized businesses affected by Coronavirus to access loans of between £2,000 and £50,000.

  • The loan is 100% guaranteed by the government and there won’t be any fees to pay for the first 12 months.
  • Loan terms will be up to 6 years
  • No repayments will be due during the first 12 months
  • Fixed interest rate of 2.5% (based on HSBC, Lloyds, Barclays and Bank of Scotland)


You may apply for a loan if your business:

  • Is based in the UK
  • Has been negatively affected by Coronavirus
  • Was not an ‘undertaking in difficulty’ on 31/12/2019


You may not apply for a loan if you are:

  • A bank, insurer and reinsurer (but not insurance brokers)
  • Public-sector bodies
  • State-funded primary and secondary schools
  • Already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS)


For more information on the Coronavirus Bounce Back loans go to:


To apply for a Coronavirus Bounce Back Loan go to:


For the latest notices, updates and information from the Welsh Government go to:


To stay up to date on the support available for business in Wales go to:


For more information on what your bank can provide simply search your bank name and ‘Bounce Back Loan’, some examples below: