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2. British government response to the COVID-19 pandemic

   en.wikipedia.org/wiki/British_government...

   The government announced the Bounce Back Loan Scheme (BBLS) for small- and medium-sized businesses on 27 April 2020. The scheme offered loans of up to £50,000 and was interest free for the first year, after which an interest rate of 2.5% a year was applied, with the loan to be repaid within ten [a] years. Businesses which had an existing CBILS ...

3. Enterprise Finance Guarantee - Wikipedia

   en.wikipedia.org/wiki/Enterprise_Finance_Guarantee

   The Enterprise Finance Guarantee (EFG) is a UK government-guaranteed lending scheme intended to help smaller viable businesses who may be struggling to secure finance, by facilitating bank loans of between £1,000 and £1 million.

4. Coronavirus Job Retention Scheme - Wikipedia

   en.wikipedia.org/wiki/Coronavirus_Job_Retention...

   A 2022 Freedom of Information request to the British Business Bank, the state-run body administering the bounce back loan scheme, found that almost one fifth, or 193,000 businesses had failed to meet their repayment terms as at 27 June 2022. [31] The UK government estimated that £4.9 billion of bounce back loans may have been lost to fraud. [32]

5. How can you use a short-term business loan? - AOL

   www.aol.com/finance/short-term-business-loan...

   Short-term business loans can be good for small businesses needing funds fast, like for emergency situations, time-sensitive business opportunities or seasonal slumps.

6. Pros and cons of fast business loans - AOL

   www.aol.com/finance/pros-cons-fast-business...

   The 2023 Small Business Credit Survey found that small businesses’ biggest financial challenges in the previous 12 months ... While you can use a fast business loan to cover emergency costs, ...

7. How fast can you get a loan in an emergency? - AOL

   www.aol.com/finance/fast-emergency-loan...

   Most emergency loan lenders will send you the funds within a few business days after approval. Checking your credit, comparing lenders and gathering the necessary documentation beforehand can help ...