To ask the Secretary of State for Business and Trade, what rules and regulations apply to the operation of Bounce Back Loan Scheme agreements as of 24 January 2024; and whether lenders may (a) levy fees and (b) charge additional interest under the scheme.
The Bounce Back Loan scheme provided financial support to businesses across the UK that faced disruption as a result of the Covid-19 pandemic.A lender could provide a six-year term loan from £2,000 up to 25% of a business’ turnover, up to a maximum of £50...
Bounce Back Loan Scheme