Bounce Back/Now employed

Deanwil999

Hi all,

I got a bounce back loan just over a year ago but now I’m going into an employed job rather then self employed.

Are there any changes to the bounce back loan? Such as change of time scale or rates? 

Thanks 

Grumpy_chap

There are options to
- extend the term

- take a payment break
- take an interest only period
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/#f16

Using this flexibility will increase the total cost