Submitted by David Clark on Thursday 24th September 2020
Published on Tuesday 20th October 2020
Current status: Closed
Closed: Tuesday 20th April 2021
Signatures: 103
Allow businesses to top up Bounce Back Loans (BBLs)
It is now time for these loan schemes to be extended to allow 'top ups' for businesses who are continuing to face difficulty. As this will be repaid, it is an initial cash injection to see businesses through this virus.
Businesses are continuing to struggle, and without further help, it is likely that a large number will become insolvent and cease trading. By allowing businesses to top their loans up, not only does this allow short term cash needs to be dealt with, but also allows businesses to repay this over the new 10 year structure and offer flexibility to continue trading.
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