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Bounce Back loans - etsy shop owner
lifeispeachy
Posts: 6 Forumite
Hi, last October I set up an etsy shop online, just selling a few handmade goods as a bit of an extra to my normal full time employment. I haven't uploaded any new goods since the pandemic started being too preoccupied by homeschooling 3 children, and not wanting to have to keep going to the post office unnecessarily as it wasnt income I needed (just liked having a bit extra). Do you know if I will be eligible for the new bounce back loans?
2016 GOALS:
PAY OFF CC - £2375 (currently on 0% deal)
MAXIMISE HELP TO BUY ISA
BUY OUR HA HOME WHEN RTB EXTENDED
MAXIMISE HELP TO BUY ISA
BUY OUR HA HOME WHEN RTB EXTENDED
0
Comments
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You can try, but you might have difficulty demonstrating that you have a business. See FAQs here:
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/
1 -
If it was just extra income do you really need the loan as you still have to pay it back?
1
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