Written question asked by Baroness Redfern (Conservative) on Wednesday, 13 May 2020, in the House of Lords. It was due for an answer on Thursday, 28 May 2020. It was answered by Lord Callanan (Conservative) on Thursday, 28 May 2020 on behalf of the Department for Business, Energy and Industrial Strategy.
Bounce Back Loan Scheme
- Question
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To ask Her Majesty's Government what assessment they have made of the difficulties faced by businesses that apply and receive the Bounce Back Loan Scheme if those businesses do not stay with their existing lenders.
- Answer
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The Bounce Back Loan Scheme (BBLS) has been introduced to help small and medium-sized businesses to borrow between £2,000 and £50,000. Businesses are not required to bank with a lender in order to apply for a Bounce Back Loan with them.
There are now 18 accredited lenders of the scheme and the British Business Bank is working at pace to accredit more lenders to further extend the Scheme’s reach and provide more choice for businesses. A full list of accredited lenders can be found on the British Business Bank website.
Secondary information
- Type
- Written question
- Reference
- HL4430
- Session
- 2019-21
- Subjects
- Bounce back loan scheme
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2020-06-21 00:06:46 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL4430
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL4430
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL4430