I Can't Pay my Bounce Back Loan - What are my Options?
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Get Bounce Back Loan Help
The best thing you can do is speak to someone as soon as you can.
We've supported many businesses with their Bounce Back Loans and can help present your options to you based on your individual circumstances, as well as guide you on the most suitable route for yourself and your company.
Get in touch today, and let's work through this together.
Repayment Help (PAYG)
The Pay As You Grow scheme offers three options to help with repayments. These options were implemented to help businesses struggling to repay their Bounce Back Loans on the original terms and can be used in combination.
- Request an extension to the loan term, from 6 years to 10 years
- Request to pay 'interest only' for a period of six months
- Take a payment holiday for up to 6 months