Bounce back loans

The loan taken by close company director some of them used it for the wrong purpose

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak.

The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

We have written a small blog on Bounce back loan in the accountingweb.co.uk. to learn more about it click on the link below

https://www.accountingweb.co.uk/community/blogs/infoadamaccountancycouk/bounce-back-loans-taken-by-close-company-director

To discuss how Accountants in Slough can assist you with your Accounts Preparation, please contact us for a free, no obligation consultation on: 01753 373 505 or complete our Contact form and we will get back to you.

Further reading from HMRC can be found here.

Published On: August 17th, 2021 / Total Views: 407 / Daily Views: 1 /

To discuss how Accountants in Slough can assist you with your Accounts Preparation, please contact us for a free, no obligation consultation on: 01753 373 505 or complete our Contact form and we will get back to you.

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