Managing Your Business

Bounce Back Loan Scheme

The Bounce Back Loan Scheme is now closed to new applications.
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The Bounce Back Loan Scheme is now closed to new applications.

Features of the Scheme, at a glance:

The Government provided accredited lenders with a 100% guarantee. However, the borrower remained 100% liable for the debt

Any business was able to apply for loans up to 25% of business turnover, between £2,000 and £50,000

The scheme closed for new applications on 31 March 2021 at 11:59pm

There was no repayment of capital required during the period of 12 months from drawdown

The Government paid the interest and fees for the first 12 months

The interest rate was fixed at 2.5%

Bounce Back Loan Scheme Frequently Asked Questions

Key benefits

The government provided a 100% guarantee to help you quickly get access the funding you needed.

We will send you a repayment schedule outlining your options, around three months before your first payment is due. You do not need to contact us in advance.

Important Information

The Standards for Lending Practice

Find out what you can expect when you borrow from HSBC

Bounce Back Loan Factsheet (PDF,49KB)

Read more about this scheme


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