Bounce Back Loan Repayment - Pay As You Grow
To assist businesses in returning to regular trading, the government has announced Pay As You Grow options for Bounce Back Loan debtors. Pay As You Grow may allow you to repay your loan over a longer period of time and with greater flexibility. ● Pay As You Grow solutions do not require you to be in financial distress. Customers that have a Bounce Back Loan are eligible for them. ● No capital repayments are required for the first 12 months of your Bounce Back Loan, and interest payments are covered by the UK Government's Business Interruption Payment. We'll collect repayments and levy interest when this time period has passed. ● Before we accept your first payment, you can choose your Pay As You Grow alternatives utilizing online for business. Throughout the term of your loan, you can choose from a variety of options. Some repayment options are available for Bounce Back...