Bounce Bank Loan Calculator
Bounce Bank Loan Calculator . The government covers any interest payable in the first 12 months through a business interruption payment. For loans up to £10,000 it’s 23.9%. Bounce Back Loan repayment calculator how much will your loan cost from smallbusiness.co.uk One of those initiatives was the bounce back loan which was launched in april 2020. You can borrow anything between £2,000 up to 25 per cent of your business’s turnover (maximum amount available £50,000). As well as being guaranteed by the government, businesses and organisations didn’t have to start paying back the loan for 12 months.