Bounce Back Loan stats

gt94sss2

As many here have posted about applying for BBLs, I though you would be interested in the following table showing how many applications banks have received/approved and how much money is involved

Grumpy_chap

So average loan just over £30k.

Mitchel.

Grumpy_chap said:

So average loan just over £30k.

so basically not really helping small businesses more aimed towards people with £120k plus turn over

Grumpy_chap

£120k is not a large business.  So must be a small business.  The scheme is there to help small businesses also.  It is hardly surprising that the average loan is only a little above the 50% value of the permitted loan range.

mobilejo

Mitchel. said:

Grumpy_chap said:

So average loan just over £30k.

so basically not really helping small businesses more aimed towards people with £120k plus turn over

You're joking right? £120k turnover is a micro-business. How many staff do you think a business could be employing with a total of £120k coming in? I'd say it would be 0-3.

Besides, its just an average. The actual numbers could be made up of loads of small loans and a few £50k loans.