Bounce Back Loans & Self Employed Support

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Bounce Back Loan Scheme

Today the Bounce Back Loans scheme has been opened for applications.

How to apply

These loans are available through a range of British Business Bank accredited lenders and partners – listed HERE

We recommend contacting your existing bank first should they be on the accredited list. Some banks are only allowing existing customers to apply to mitigate the risk of fraud.

The application form for these loans has been simplified – with reports of only 7 questions and a decision in minutes in some cases.

How the Loans Work

Businesses can apply for up to 25% of their turnover (minimum facility is £2,000, maximum facility is £50,000).

The government guarantees the lender 100% of the loan, however the borrower remains 100% liable.

The government will cover all interest payments over the first 12 months.

No repayments will be due in the first 12 months.

The interest rate for the facility is set at 2.5% – regardless of loan size.

The length of the loan is 6 years – however early repayment is allowed without any early repayment fees.

Lenders cannot take personal guarantees or take recovery action over a borrowers personal assets.

There is no fee to access the scheme.

Self Employed Income Support Scheme

HMRC has begun contacting those eligible for support through the Self Employed Income Support Scheme.

An online eligibility checker has also been activated – you can check to see if you are eligible HERE


As more information on support schemes comes to light we will continue to update you.

Andrew Douthwaite


Hamlyns LLP

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What Our Clients Say

Hamlyns treat me as an individual. I don’t feel like “just another client” to be processed.

Diana Boulter
MD, DBA Speakers

Chris and his team gave us precisely the advice our business needed, even before we knew we needed it!

Mike Higgins
Managing Director, Hawkmoor Limited

It’s great that I always get to speak to the same Partner who knows our situation, so I don’t need to keep repeating things.

Johnny Richards
Finance Director, Normandy Garage

When we came to Hamlyns, we were a start up business. In a few years, they’ve really helped us become a major player in our sector.

Frank Pawley MBE
Chairman, Global Travel Management Ltd

We have been working together for over 10 years and our relationship is vital to the success of our business; I would not hesitate to recommend them.

Angela Hall
Partner, Occupational Health Professionals LLP

I appreciate Hamlyns expert and informed guidance and helpful approach.

Managing Director, Arcom IT

Hamlyns took the stress away by anticipating and understanding what I needed.

Managing Director, PromoLogistics Limited

Hamlyns gave me great advice and hand-holding to ensure my exit from the company was quick and clean. I am also thousands of pounds better off. Thank you, thank you.

Douglas Cooke
Former Director