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Small business loans with IVA?
Murrjam
Posts: 2 Newbie
Hi
I run a small business and I also have an IVA with Payplan ( personal and business related), am I able to claim for any of the loans which the government are offering for the business while being effected by the Coronavirus ? Bounce back loan or job interruption loan?
many thanks
julie
many thanks
julie
0
Comments
-
You need to clarify this with the lender. One of the conditions of a bounce back loan is that:
"At the time of submitting their loan application, the business is neither in bankruptcy, debt restructuring proceedings, liquidation or similar."
That is not quite the situation you are in, which is why I say ask the lender.1
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