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Allow interest-only payments on Bounce Back Loans for up to 10 years

Submitted by Qasim Zubair on Friday 30th October 2020

Published on Friday 6th November 2020

Current status: Closed

Closed: Thursday 6th May 2021

Signatures: 9

Relevant Departments

Tagged with

10 years ~ 2020 ~ 2021 ~ country ~ Covid ~ Covid-19 ~ Equity ~ Extend ~ Loan ~ Second wave

Petition Action

Allow interest-only payments on Bounce Back Loans for up to 10 years

Petition Details

Businesses are suffering really badly across the country.

Additional Information

The government should extend the existing interest-only repayment options for the bounce back loans where business pay the interest only until they have the equity to make repayments of the actual loan, and have this in place for 10 years repayments.

This would help support businesses get through 2021 after already taking such losses in 2020 and a second wave making it worse for businesses.


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44.197.197.23 Sun, 26 Sep 2021 20:17:46 +0100