questionText: 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.
answerText: 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...
heading: Bounce Back Loan Scheme