BBS Loan affecting future credit rating?

Grumpy_chap

Having a BBLS is likely to impact a lender's decision in two ways:

1. To claim the BBLS, it was necessary to declare that the business had been adversely affected by coronavirus.  Therefore a lender may not base decisions purely on past accounts but will want to understand the extent of coronavirus impact and how that impact continues to affect the business, or not.
2. Your affordability will be assessed and this will need to take into account the liability of the BBLS.