Bounce Back Loan

petergst

because honestly, for last year I don't have a big income, that's why I ask

Grumpy_chap

The business has been trading for more than three years and the most that can be applied for is 25% of the 2019 turnover.  That turnover level is a matter of fact and record and your bank where you hold your business bank account and should be the people you approach for the BBLS will know what that turnover is.  If you apply for more than 25%, then that would be easy-to-spot and may be classed as fraud.

petergst

@Grumpy_chap okay, now I understand.

I heard from someone who accessed more than 25% of the 2019 turnover. but I didn't have more details.

now it looks like they committed fraud

Grumpy_chap

Yes, the rules is the rules.