What is the difference between a CBIL Loan and a Bouncebank Loan?

We have had a number of clients asking what is the difference between a CBIL Loan and a Bouncebank Loan so we have pulled together this fact sheet.

Bounceback loans are very easy and straightforward to apply for, limited information requsted and generally approved and paid out within 24/48 hours.

Some of the benefits of the bounceback loan are:-

1. No set up fees.
2. Interest covered by government for first 12 months,
3. Low interest rate.
4. Can be repaid at anytime without penalty.
5. Guaranteed by government therefore no need for security.
6. You can borrow the money and if you don't need before month 12 repay without any costs.

Any questions just drop Andy an email at andy@dtaccounting.co.uk