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Using 'bounce bank loan' to pay dividends - Is that what it was for?

August 26, 2021 by Sian Kelly

Open until 31 March 2021, the Governments' Bounce Back Loan Scheme (BBLS) helped support businesses during the coronavirus pandemic, permitting firms to apply a minimum of £2,000, up to a maximum of £50,000, or 25% of business turnover whichever is the lower amount, repayable over either six or ten years, with the government paying the interest for the first 12 months to the lender.