The Bounce Bank Loan (BBLS) application was made available to small businesses on Monday 4th May, but how fast can eager businesses expect to get their hands on this business-saving cash?
“I’d never have thought we’d be forced to take out a business loan, but sadly the time has come – income has stopped, and cash reserves will eventually run out. I am not leaving anything to chance any longer – we need help quick – so Bounce Back loan it is”, explains Jonathan Ratcliffe from commercial office agency Offices.co.uk
“The application process was straight-forward and after answering 5 fields of information such as company number, address, turnover, bank sort/account details and of course how much we needed to borrow – the loan was submitted”, says Ratcliffe.
Read the full article in the International Accounting Bulletin here