Can I close or liquidate my company with a Bounce Back Loan?


The Bounce Back Loan Scheme (BBLS) was a vital financial lifeline for many businesses during the pandemic. However, as circumstances change, some business owners may find themselves considering closing their company. This can raise questions about the consequences of doing so with an outstanding BBL. You may also ask, “Can you close or liquidate your […]

Can a company write off Bounce Back Loans?


Facing difficulty repaying your Bounce Back Loan (BBL) can be a source of significant worry, not only for your business’s financial stability but also for its future. A question that often arises during this time is “Can a company write off Bounce Back Loans”, effectively erasing the debt and moving forward without the burden? Well, […]

Personal Liability for Bounce Back Loans: Know Your Obligations And How To Manage Risk!


Bounce Back Loans were a vital financial aid during challenging times, but for directors, a potential headache is personal liability. While the government guarantees repayment, directors can be held personal liability for Bounce Bank in specific situations. This raises concerns about the potential consequences, which can be both financial and professional. To navigate these risks […]

Can You Get A Bounce Back Loan Repayment Extension? Here Is How!

Bounce Back Loan Repayment Extension

The government’s Bounce Back Loan Scheme was a lifeline for many businesses during the COVID-19 pandemic. However, as the repayment period approaches, many business owners are wondering if an extension is possible. The good news is, yes, an extension is possible thanks to the government’s Bounce Back Loan Repayment Extension under the Pay As You […]