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The application date for either the Coronavirus Business Interruption Loan Schemes (CBILS) , Bounce Back Loan Scheme (BBLS), and the Future Fund Scheme has been extended from 30th November 2020 to 31st January 2021.
· If a business has not claimed the maximum under the Bounce Back Loan Scheme (BBL) (i.e. less than 25% of their turnover, up to a max. borrowing of £50,000) then, from next week, they will be able to top up their BBL.
If you have still not applied for a government-backed loan there is still time. It is recommended that in the first instance you contact your business bank. The details of how to apply will be on the website. Most loans are easy to apply for.
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