Bounce Back Loan

petergst

hey, can someone help me, please...
I am about to apply for Bounce Back Loan as a self-employed,
is there any chance to take more than 20% of the turnover? maybe some tips on how to do it, please. it would be very helpful
thank you

CocoM2020

Sure - you should ask for 25% of your turnover. Why would anyone on here help you commit fraud as that is what it seems you are asking. 

petergst

so 25% it's max?

CocoM2020

Yes up to £50,000. 

petergst

no, no fraud man. just it's a necessity 

Grumpy_chap

When did you start your business?
What was the turnover in 2019?

petergst

@Grumpy_chap, I am self-employed. no business

noitsnotme

Self employed = a business.  You probably mean “not a company” but you are running a business.  Otherwise how else do you expect to apply for a loan aimed at businesses?

petergst

okay, yes.
so self-employed with business for more than 3 years.

petergst

@noitsnotme, I think I read somewhere that they offer up to 25% of turnover. now is there a chance to take more than 25%?
if you know...

noitsnotme

petergst said:

@noitsnotme, I think I read somewhere that they offer up to 25% of turnover. now is there a chance to take more than 25%?
if you know...

Already answered by others above.

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan