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Business Bounce Back Loan Support

Obtain professional assistance with how to manage debt from government backed bounce back loans.

The UK government introduced its bounce back loan scheme in March 2020 just as the coronavirus crisis started to affect the usual operations of many British businesses. Although the scheme is now long-closed to new applications, the initial idea was to offer many companies access to financial support packages of up to £50,000 each. HM Treasury arranged for lent sums to be forwarded on extremely favourable terms to help businesses to survive the pandemic and backed lenders with a 100 per cent level of security.

However, this does not mean that the bounce back loan scheme effectively meant the UK government was awarding grants to businesses through high street lenders. In short, these loans do have to be repaid. Some businesses may need help in how they will repay their bounce back loan depending on their wider financial circumstances. At Salient Insolvency, we offer a wide range of advice with structuring commercial debt of all kinds including bounce back loans.

FINANCIAL ASSISTANCE

Professional financial assistance with bounce back loans.

At Salient Insolvency, we can help you with much more than insolvency proceedings that have come about as a result of debt acquired through the bounce back loan scheme.

If your lender is demanding your company pays its bounce back loan back, then we can offer you the best advice on what to do next.

Find out the best way to handle bounce back loan scheme debt.

Paying a bounce back loan

If your business is struggling to pay its bounce back loan but will have a viable financial future if it can discharge its debt, then a time to pay arrangement may be appropriate.

Failing to pay a bounce back loan

If you know that your business will never be able to pay back a bounce back loan it took out during the pandemic, then liquidation may be the best option.

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Understand all of your options with debt management.

The professional insolvency practitioners at Salient Insolvency can help you with your bounce back loan debt and any other debt you may have as well as helping you to overcome temporary cash flow issues.

Online Liquidation Assessment

Even when companies are insolvent, it does not necessarily mean that they ought to apply for liquidation. Cash flow problems can be temporary, after all, so assess your situation with our handy assessment tool.

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Service Sectors

At Salient Insolvency, we help businesses from all sectors of the economy to overcome their problems with bounce back loan repayments.

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    The Castle
    345445 Castle Drive
    London, SW3 43T

    At Salient Insolvency, we will deal with any enquiries or questions you may have confidentially and professionally every time.

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