How to Apply for a Coronavirus Bounce Loan


Eligible businesses must be based in the UK and established by March 1, 2020. They will need to generate at least 50% of their business income and show that this has been disrupted due to the coronavirus.
Businesses cannot have been in trouble as of December 31, 2019 and cannot be bankrupt or in liquidation at the time of the Bounce back loan application.
Businesses that are already requesting support from other government programs, such as CBILS or the Bank of England’s Covid Corporate Financing Facility Scheme, cannot hold a bounce loan either. The only exception is if the bounce loans are used to repay the other government loan scheme.
Certain business sectors are excluded from Bounce back loans, including banks, insurers, reinsurers, public bodies, higher education institutions in which they receive grants, state-funded primary and secondary schools.


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