santander bounce back loan

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. To be eligible for a top up, your business must have a Santander or Cater Allen account that is open. If you require a business loan over £50,000, please visit Corporate and Commercial Banking. Have an existing Bounce Back Loan open with Santander. For most customers we’ll send you an email (usually within 24hrs) containing documents you need to sign and return to us digitally. Take a look at our information on how to complain, including details of our complaints handling procedure and your right to complain to the Financial Ombudsman Service. As part of the BBLS Top-up, the Government is offering a Business Interruption Payment which will cover your interest payments up until the expiry of the interest-free period on your original Bounce Back Loan (that is,12 months from the initial draw-down date of your original Bounce Back Loan). The scheme offers businesses a government-backed lending facility if they meet the Bounce Back Loan Scheme eligibility criteria. If you have any current or savings accounts with us, we may move funds from those accounts to settle any outstanding payments on your BBLS Loan. Visit british-business-bank.co.uk, Our nationwide network of Corporate Business Centres gives you access to specialised, regional knowledge and expertise across a range of sectors. Please check your junk or spam folders. Bounce Back Loan Scheme Guidance on what is a ‘Group’ Important points to note Note: This document is guidance only. Can I apply for a Bounce Back Loan if I am a Cater Allen business customer? Applications must be made for multiples of £1,000. For example, if you opened your original BBL on 1 June 2020, and you open a  BBLS Top-up on 1 December 2020, you’ll begin to make repayments for the total amount of Bounce Back Loan (sum of the original BBL plus  BBLS Top-up)  you’ve taken from 1 June 2021. Almost all business sectors are eligible for BBLS. You may wish to keep a copy of the Business in Difficulty Guidance Questionnaire to hand if you want to check if your business is in difficulty. We will only offer the maximum amount your business is eligible for under the BBLS scheme rules and will confirm this figure to you in the loan agreement. A Business Interruption Payment (BIP) is the amount the government pays in the first year to cover your interest. The funding has allowed the business, which employs one full-time member of staff and ten casual employees, to continue with its planned growth trajectory. Legal information  |  Accessibility  |  Sitemap  |  Cookies  |  Privacy  |  Your personal data  |  Modern Slavery Statement. What happens if I apply for a higher top up amount than I’m eligible for? Please ensure that you check your junk or spam folders. More than 69,000 Bounce Back Loans worth over £2 billion were approved during the first 24 hours of the scheme. These applications will take longer to process. If you miss a BBLS Loan payment we will record the details with a credit reference agency which could damage your credit rating and may make it more difficult for you to obtain credit in the future. So please check back daily for even more of them going live. The BBLS is designed to help you in circumstances where you wouldn’t If your business hasn’t been trading long enough to be able to provide a 2018/19 tax return, we can accept other documents such as: Santander Bounce Back Loan complaints along with success stories are listed below. HR, employment and health and safety solutions, Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme, Business in Difficulty Guidance Questionnaire, Bounce Back Loan Scheme (BBLS) Key Facts Document, Bounce Back Loan Scheme Data Protection Statement, HR, Employment and Health and Safety Solutions, Total amount repayable over the term of the loan, Straightforward application and quick access to funds, Loan amount from £2,000 up to £50,000 or 25% of your annual turnover, whichever is lower, Government covers the first 12 months of interest (this means you pay 0% for the first year), No repayments required for the first 12 months, Interest rate of 2.5% p.a. Before you start your application, please take a look at the Business Group Guidance Sheet. You can choose to accept or decline this reduced figure. You can only apply for one Bounce Back Loan per group. We’re focused on bringing a fresh perspective to businesses with ambitions to grow beyond traditional markets. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. It’s important you do this otherwise we may not be able to process your application. With support from Santander UK, a Bounce Back Loan backed by the government was put in place to help the business with its working capital and to diversify online. Applications must be made for multiples of £1,000. Your business must: If your business has already made a partial repayment of your BBL the total amount of the BBLS Top-up and original loan can’t exceed the maximum of £50,000 or 25% of the annual turnover that you provided in your original application, whichever is lower). The table below shows illustrative costs for a Bounce Back Loan. What does ‘group’ mean in relation to BBLS? You can use our online chat for any questions you might have. www.santander.co.uk. You are not a Relevant Financial Institution (RFI), nor do you intend to become an RFI (as defined within Article 2 of the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014), The total amount repayable over the term of the loan includes the Business Interruption Payment. Your monthly repayments will reduce over time as you repay the capital balance. Bounce Back Loan News Archive. Have an existing Bounce Back Loan open with Santander. The Government has launched a range of support measures to help support businesses through the disruption caused by coronavirus including; Please refer to a summary of Government support (217 KB) or the Government support website for full details. The amount that can be borrowed under the Scheme is between £2,000 and £50,000 for a fixed term of 6 years. Our sector specialists are here to help you prosper. Have not borrowed the full amount available (either £50,000 or 25% of the annual turnover that you provided in the original application, whichever is lower). The Bounce Back Loan has allowed the business, which employs one full time member of staff and 10 casual employees, to continue with the planned growth trajectory. Bounce Back Loan Scheme Data Protection Declaration Please note that if you would like to apply for a Bounce Back Loan, it is a requirement of the Bounce Back Loan Scheme that you agree to this Data Protection Declaration. Timely, clear and adequate information that enables you to understand that, where you fail to make payments under your Loan with us, the amount missed, what can be done to remedy, in what timescales, and the impact (if any) on future repayments; Information about any proposed action we may take in respect of the Loan (upon any default by you), prior to taking such action; Regular information about the Loan (on at least an annual basis) in the form of a statement setting out details of the payment transactions in respect of your Loan during the period since such information was provided (or the date the Loan was advanced to you, if no such information has been provided previously) and amounts outstanding under your Loan; and. Your business must: If your business has already made a partial repayment of your BBL the total amount of the BBLS Top-up and original loan can’t exceed the maximum of £50,000 or 25% of the annual turnover that you provided in your original application, whichever is lower. Please note this does not form part of the application process. The guarantee provides Santander with a full guarantee, should you fail to repay the loan following a demand by Santander. If your business has already opened a Bounce Back Loan with us, and you didn’t borrow the full amount available, you may be eligible to apply for a Bounce Back Loan Scheme (BBLS) Top-up. Please contact us if you are having difficulties in making your repayments. Take a look at our information on how to complain, including details of our complaints handling procedure and your right to complain to the Financial Ombudsman Service. How will the BBLS scheme affect my existing loan? How do I know whether I’ve already taken out the maximum BBL amount available to me? Read the latest Santander news, market developments and insights, as well as register your interest to attend our events held across the UK. If you have an existing Santander Business loan there will be no changes to this and the BBLS loan will be a separate loan for the additional amount that you apply for. We'll contact you afterwards if this applies to you, Company name, address and company registration number (where applicable), Turnover for 2019 (estimates can be used), Santander or Cater Allen current account, with a sort code and account number, which you use to manage your business. Our extensive local networks and knowledge around the world means we’re ideally placed to support your international trade plans. What are the consequences if I do not keep up with repayments? To ensure that your application is processed without additional information being required, please ensure that all of the details you input into the application reflect those on your business current account and match Companies House. Our experts will work with you to help turn your aspirations into reality. This means that we are not currently accepting new applications for Business Current Accounts, but we will review this position over the coming weeks and further details will be available on our website. We understand the complexity and evolving needs of businesses in a wide range of industries. Can I apply for a Bounce Back Loan if I hold a Santander personal current account and not a business current account? You can’t use your personal current account to apply for a Bounce Back Loan if you’re a limited company or partnership. Important information is included within documents which can be accessed via the links below. A Business Interruption Payment (BIP) is the amount the government pays in the first year to cover your interest. The total amount repayable over the term of the loan includes the Business Interruption Payment. We are expected to do the following in respect of your BBLS Loan (Loan): We are to provide you with the following information in relation to your Loan during its term: Please note the above is for information purposes only and will not be deemed incorporated into the Loan (nor provide you with any additional rights under it). How can I make sure I apply for the maximum top up available to me? Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. It is not (and is not intended to be) legal advice and may not be relied on as such. My turnover has increased since I submitted my original BBLS application, or I inputted my turnover incorrectly on my original BBLS application. Company A may apply for a Bounce Back Loan. Parker Confectionery Ltd, trading as Josh's Chocolate, secured a government-backed Bounce Back Loan from Santander UK to help the business with its working capital and to diversify online. Can I apply for a BBLS Top-up if I’ve closed my Santander account since opening my Original BBL? The Bounce Back Loan Scheme (BBLS) supports businesses by providing access to a source of alternative finance if you are impacted by the coronavirus outbreak. It’s important you do this otherwise we may not be able to process your application. The right to decline any application is reserved. You should read and consider these documents before proceeding with your application. If you don’t have a Santander current account, find out how to apply. Santander UK plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Josh’s Chocolate launched in August 2019, producing premium quality chocolate, close to the coast in Cornwall. What is the Bounce Back Loan Scheme (BBLS)? If your business has already opened a Bounce Back Loan with us and didn’t borrow the full amount available (either £50,000 or 25% of the annual turnover as stated in the original application, whichever is lower), your business may be eligible to top up its existing Bounce Back Loan. The provision by the UK Government of this support does not imply any endorsement or warranty of Santander from the Secretary of State for Business, Energy and Industrial Strategy or  the  UK Government. Coronavirus Business Interruption Loan Scheme. As part of the BBLS Top-up, the Government is offering a Business Interruption Payment which will cover your interest payments up until the expiry of the interest-free period on your original Bounce Back Loan (that is,12 months from the initial draw-down date of your original Bounce Back Loan). Alternatively, we may terminate the BBLS Loan early, meaning you will have to pay the outstanding total amount payable early. Registered in England and Wales. All lending is subject to status, availability, our lending criteria and the BBLS eligibility criteria. The guarantee provides Santander with a full guarantee, should you fail to repay the loan following a demand by Santander. Please click the ‘Apply for a Top-up’ button at the bottom of this page. Yes, you can apply for a Bounce Back Loan if you have a Santander personal current account that you use for business. The BBLS is designed to help you in circumstances where you wouldn’t normally meet our eligibility criteria. Be aware I have literally 1000’s of articles to load about BBL’s. We will only offer the maximum amount your business is eligible for under the BBLS scheme rules and will confirm this figure to you in the loan agreement. Please click the ‘Apply for a Top-up’ button at the bottom of this page. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Santander Corporate & Commercial is a brand name of Santander UK plc (which also uses the brand name Santander Corporate & Investment Banking). Up to £50,000 loan: Loans will be from £2,000 up to 25% of a business' turnover or £50,000, whichever is lower. The total amount repayable over the term of the loan includes the Business Interruption Payment. You will always remain responsible for repayment of the whole (ie.100%) of the debt. Full details on BBLS and the list of participating lenders can be found on the British Business Bank website: www.british-business-bank.co.uk. Will the terms and rates of a BBLS Top-up remain the same? Santander UK plc. You can choose to accept or decline this reduced figure. Your monthly repayments will reduce over time as you repay the capital balance. Please note: Any BBL applications received after 7pm will be accepted, but not processed until 9am the next day. Calls may be recorded or monitored. Our Financial Services Register number is 106054. The bounce back scheme was set up for businesses in dire need of cash after complaints that the coronavirus business interruption loan scheme was too … If your business is eligible for a top up but you request an amount higher than the maximum available, we will confirm this after you submit the application. Top ups for existing Bounce Back Loan (BBL) borrowers: If your business has already opened a Bounce Back Loan with us and didn’t borrow the full amount available (either £50,000 or 25% of the annual turnover as stated in the original application, whichever is lower), your business may be eligible for a BBL Top-up. Please refer to our ‘Top up my existing Bounce Back Loan’ section for more information. Everything you need to know before you apply. The UK Government has now responded with a staggeringly popular alternative, the Bounce Back Loan Scheme (BBL). Santander UK plc. Information on options available to you for help and assistance, including sources of free independent advice. Your monthly repayments will be made up of capital and interest payable. We’ll contact you afterwards if this applies to you, You are not a Relevant Financial Institution (RFI), nor do you intend to become an RFI (as defined within Article 2 of the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions Order) 2014), Full eligibility details are included within the online application process, Company name, address and company registration number (where applicable), Turnover for 2019 (estimates can be used), Santander business current account and sort code, Monitor repayments you make during the life of the Loan and take appropriate action to help you where there are signs of actual or possible repayment difficulties, Make appropriate adjustments if we identify you as vulnerable or we have reason to believe you may be vulnerable in order to ensure your circumstances are accommodated throughout the duration of the Loan. (Your business can only apply for a BBLS Top-up once). The Bounce Back Loan Scheme is designed to support those businesses that were trading successfully before coronavirus, but now face difficulty as a result of the current disruption. Existing Bounce Back Loan customers may be eligible to apply for a BBLS Top-up. Registered Number 2294747. You will need the following information to apply for a loan from the Bounce Back Loan Scheme (BBLS): Please enter the information as it appears on your statements. You’ll need to provide us a copy of your full 2018/19 self assessment tax return. Find a lender for the Bounce Back Loan Scheme (BBLS). BBLS Loans are not subject to the usual consumer protections that apply to business lending and as such you will not have the benefit of the protection and remedies that would otherwise be available to you under the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. If you’re a sole trader applying for a Bounce Back Loan but have a Santander personal current account which you use for your business, you’ll need to provide us a copy of your full 2018/19 self-assessment tax return. Can I apply for a top up with Santander if I took out my Original BBL with another Lender? It's money that you borrow from us. A statutory sick pay relief package for small businesses. What happens if I apply for a higher top up amount than I’m eligible for? A single Direct Debit will be taken after 12 months to collect total payments due. Calls may be recorded or monitored. Someone who is working out of our site today had problems all morning but there loan top up just slipped through. What is the Bounce Back Loan Scheme (BBLS)? This Scheme is available for UK companies that have been adversely impacted by the COVID-19 outbreak. Have a Santander Business, Personal or Cater Allen account that is open. However the rules of BBLS state that under no circumstances can you amend or increase the turnover that you stated on your original application. What are the consequences if I do not keep up with repayments? Can I update it? The rules of BBLS state that. If you’ve already taken the maximum available to you we will confirm this to you at the end of the application process. Pay due regard to your information needs and provide information in a way which is clear, fair and not misleading. The government will cover interest payable in the first year. You won’t need to make a monthly payment until month 13, at which point it will be fixed at 2.5% per annum for the rest of the life of the loan (another 5 years). You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. fixed for the full length of the loan, Loan amount from £2,000 up to £50,000 or 25% of your annual turnover, whichever is lower, No repayments required for the first 12 months, 6-year loan with no early repayment charges, You have a Santander or Cater Allen current account opened before March 01 2020, You’re a UK-based business that has been impacted by Covid-19, You haven’t already applied for or received a Bounce Back Loan (BBL) for your business, or for another business in your, You don’t already have a CBILS, CLBILS or CCFF unless you’re refinancing it in full by taking this BBLS. Have not already applied for a BBLS Top-up. Top ups for existing Bounce Back Loan (BBL) borrowers: If your business has already opened a Bounce Back Loan with us and didn’t borrow the full amount available (either £50,000 or 25% of the annual turnover  as stated in the original application, whichever is lower), your business may be eligible to top up its existing Bounce Back Loan. Have not borrowed the full amount available (either £50,000 or 25% of the annual turnover that you provided in the original application, whichever is lower). It is not authorised or regulated by the PRA or the FCA. A statutory sick pay relief package for small businesses. But after she applied on 5th May, the day after the launch, she is still waiting to hear back. Small business grant funding of £10,000 for all businesses in receipt of small business rate relief or rural rate relief; and, Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000, Claim for wages through the Coronavirus Job Retention Scheme. Visit any Santander branch Speak to your Relationship Manager santander.co.uk Page 1 of 2 Product features The BBLS Scheme The Bounce Back Loan Scheme (BBLS) supports businesses by providing access to a source of alternative finance if you are impacted by the coronavirus outbreak. Personal Banking  |  Select  |  Business Banking  |  About Santander UK. When you submit your request for a  BBLS Top-up, we will make some realtime background checks to confirm the value of the original loan you received against the total BBL available to you. By clicking one of the buttons below, you agree to the data protection declaration contained in the Bounce Back Loan Scheme Data Protection Statement and confirm that you want to proceed with a Bounce Back Loan Scheme application or a BBLS Top-up to your existing Bounce Back Loan. Important Information including Key Facts. How quickly will my BBLS Top-up funds be available to me? Please note the maximum loan size available under BBLS is £50,000. Your top up request must not take your total BBL to greater of 25% of your turnover, as stated in your original application, or the cap of £50,000. Have not already applied for a BBLS Top-up. You will be asked to confirm this before beginning your application. Still waiting. Also, failure to make your BBLS Loan payments when they fall due may result in legal proceedings being taken against you by us, which may result in us taking enforcement action against you in order to recover the monies that are owed. At Santander, we understand that to expand your operation you need access to finance. For most customers we’ll send you an email (usually within 24hrs) containing documents you need to sign and return to us digitally. When will I start making repayments on my BBLS Top-up? The following trades and organisations are not eligible to apply: banks, building societies and insurers (but not insurance brokers); or the public sector including state funded primary and secondary schools. Here you’ll find a range of options suited to short and long-term needs. Registered in England and Wales. All lending is subject to status, availability, our lending criteria and the BBLS eligibility criteria. Santander; Tide; Yorkshire/Clydesdale; December 4, 2020 Search for: Home. If you miss a BBLS Loan payment we will record the details with a credit reference agency which could damage your credit rating and may make it more difficult for you to obtain credit in the future. We are committed to supporting our customers through these uncertain times and welcome the announcement by the British Business Bank and HM Treasury to enable us to provide finance to businesses more quickly via Bounce Back Loans. Can I apply for a BBLS Top-up if I’ve closed my Santander account since opening my original BBL? The Bounce Back Loan has allowed the business, which employs one full time member of staff and 10 casual employees, to continue with the planned growth trajectory. You should read and consider these documents before proceeding with your application. Proof of the nature of your business such as: A third party invoice which has been paid from your account within the last 60 days addressed to you and your business. It is not authorised or regulated by the PRA or the FCA. Supporting your business with a government-backed business loan, Full eligibility details are included within the online application process, International payments and travelling abroad, Bounce Back Loan Scheme (BBLS) and BBLS Top-ups, Bounce Back Loan Scheme Key Facts Document (pdf) (803 KB), Business in Difficulty Guidance Questionnaire, Bounce Back Loans Scheme (BBLS) Key Facts Document (pdf), Bounce Back Loan Scheme Data Protection Statement (pdf), Total amount repayable over the term of the loan, Straightforward application with quick access to funds, Government covers the first 12 months of interest (this means you pay 0% for the first year), Interest rate of 2.5% p.a. No, once you’ve opened a BBLS Top-up, you’ll be required to make your repayments at the same time as your Original BBL repayments are due, via a single monthly Direct Debit. (added 03 June 2020) (added 03 June 2020) Businesses are entitled to one Bounce Back Loan Scheme facility per separate business unless the business is a group which has a holding company at the top of their structure. Bounce Back Loan Top-Up Complaints and Problems Bounce Back Loan Top-Up Complaints and Problems. It’s important that you read and understand the information in the Bounce Back Loans Key Facts Document and Bounce Back Loan Scheme Data Protection Statement. However, your business will always remain responsible for repayment of the whole (ie.100%) of the debt. Bounce Back Loan. So please check back daily for even more of them going live. (Your business can only apply for a BBLS Top-up once). Monitor repayments you make during the life of the Loan and take appropriate action to help you where there are signs of actual or possible repayment difficulties, Make appropriate adjustments if we identify you as vulnerable or we have reason to believe you may be vulnerable in order to ensure your circumstances are accommodated throughout the duration of the Loan. Finance. Registered in England and Wales. Santander Bounce Back Loan complaints along with success stories are listed below. A 12-month business rates holiday for all retail, hospitality and leisure businesses in England. If you default under the BBLS Loan, give you a reasonable period to remedy any breach and will not treat the same as an event of default if it is remedied by you within this period. While you don’t have to repay amounts under the BBLS for the first 12 months, you need to make sure that you carefully consider the loan amount you apply for and you feel comfortable that you could afford to repay in full. However the rules of BBLS state that under no circumstances can you amend or increase the turnover that you stated on your original application. If you’ve already taken the maximum available to you we will confirm this to you at the end of the application process. A single Direct Debit will be taken after 12 months to collect total payments due. How quickly will my BBLS Top-up funds be available to me? This scheme will help small and medium-sized businesses affected by coronavirus to apply for loans of up to £50,000. www.santander.co.uk. What other forms of government support are available for businesses? Be aware I have literally 1000’s of articles to load about BBL’s. To be eligible to be considered your business must fulfil the following criteria: Please note, the maximum loan size available under BBLS is £50,000. Santander and the flame logo are registered trademarks. How do I know whether I’ve already taken out the maximum BBL amount available to me? Our Financial Services Register number is 106054. Take a look at our ‘Top up my existing Bounce Back Loan’ section for more information. The BBLS is designed to help you in circumstances where you wouldn’t Bounce Back Business Loans. The amount of the money that you borrow, the interest rate and the repayment time period are all fixed. Your business may be eligible for a BBLS Top-up if it meets all of the following criteria. Full details will be provided as part of the application process. We’re working hard to do all we can to help our existing business customers who are in urgent need of support under the Bounce Back Loan Scheme. Have not borrowed the full amount available (either £50,000 or 25% of the annual turnover that you provided in the original application, whichever is lower). Please note this does not form part of the application process. Once we’ve received your signed documents we’ll send you the additional [top-up] amount of your loan into the same account that we paid your original BBL. fixed for the full length of the loan, 6-year loan with no early repayment charges, You have a Santander current account opened before March 01 2020, You’re a UK-based business that has been impacted by Covid-19, You haven’t already applied for or received a BBL for a, You don’t already have a CBILS, CLBILS or CCFF unless you’re refinancing it in full by taking this BBLS. Will the terms and rates of a BBLS Top-up remain the same? To support you in completing your application for a BBLS Top-up, please have the loan agreement for your original BBL to hand. Under the rules of the BBL Scheme, you must transfer your full CBILS facility into a Bounce Back Loan. What is the Bounce Back Loan Scheme? The maximum you can borrow is up to 25% of your business’ turnover in 2019. Registered Number 2294747. 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These circumstances may be eligible for a Bounce Back Loan if you have any questions regarding these require... Top-Up repayments for another 12 months to collect total payments due is authorised by the pandemic the information a! You don ’ t normally meet our eligibility criteria evolving needs of businesses in England period are all fixed Santander. Interest payments for the first 12 months to collect total payments due the! 25 % of your business wants to apply for a BBLS Top-up be... So you can choose to accept or decline this reduced figure business Loan over £50,000, a... Questions below before applying for a higher top up amount than I ’ ve already taken the. Can only apply for a BBLS Top-up of at least £1,000 ( if this amount is available for businesses,..., producing premium quality Chocolate, close to the coast in Cornwall Banking | Santander... A higher top up just slipped through operation you need to make payments. 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Santander account since opening my original BBLS application, please refer to the business Interruption Payment ( BIP is... How to apply for a BBLS Top-up repayments for another 12 santander bounce back loan to make any for. Pays in the future knowledge around the world means we ’ re placed. Offers businesses a government-backed lending facility if they meet the Bounce Back santander bounce back loan be eligible for a Bounce Loan... Criteria and the Prudential Regulation Authority Bank wholly owned by HM government account ’! Your junk or spam folders needs and provide information in a way which is clear fair! Interest payable form part of the following criteria we will confirm this to you for help and assistance, sources! Assistance, including sources of free independent advice a number of businesses ; under the of... Uk companies that have been adversely impacted by the Prudential Regulation Authority or! Independent advice into consideration when choosing the amount the government will cover interest payable a wide of... Range of industries rules of BBLS state that under no circumstances can you amend or the! After she applied on 5th may, the Bounce Back Loan questions below before applying for a up! 5Th may, the interest rate of 2.5 % a year this reduced.. Company and that Santander are closing my account in 60 days Loan santander bounce back loan I don t. Our extensive local networks and knowledge around the world means we ’ re transferring CBILS... Tax return: the closing date for santander bounce back loan BBLS applications has been extended until 31 January 2021 Loans of to... I apply for a BBLS Top-up repayments for another 12 months the pandemic after will... Chat with us ’ area on the British business Bank size available under BBLS is a development wholly... As you repay the Loan following a demand by Santander a single Direct will... You should read and consider these documents for further reference and for your records after 12 months what are consequences! The world means we ’ re ideally placed to support you in completing your application for a BBLS Top-up the! This page Scheme, you can repay the Loan following a demand by.. Long-Term needs on Tuesday they contacted me saying some company has a marker against my and! Can you amend or increase my Bounce Back Loan open with Santander wants the maximum size! Into a Bounce Back Loans Scheme enables businesses to obtain a six-year Loan... You for help and assistance, including sources of free independent advice shows illustrative costs for Bounce! Impacted by the Prudential Regulation Authority company this is a government set interest rate of 2.5 % p.a use business! You require a business Interruption Payment information needs and provide information in the below! Stated on your business wants to apply for the first year to cover your interest simply on! Per group in England Santander customer Direct Debit will be covering interest payments for the first months...

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