Increase the maximum bounce back loan from £50,000 to £100,000

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Petition Action

Increase the maximum bounce back loan from £50,000 to £100,000

Petition Details

We want the government to increase the limit for bounce back loans to £100,000 to allow businesses to survive the latest lockdown restrictions.

Additional Information

Businesses are currently struggling to survive and with many the grants currently available will not help with paying rent and untilities which are still due. The CBILS loan is out of reach for many businesses due the 80% guarantee and this will allow many business and industries to survive the latest lockdown restrictions.

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