Chancellor Rishi Sunak’s new ‘bounce again’ mortgage scheme launched at this time to large demand.
The web site of the scheme, which launched on-line at 9am at this time, went down after it obtained 30,000 hits in simply 30 minutes, the Treasury informed The Solar.
Beneath the brand new scheme, companies can get loans price as much as 25 per cent of their turnover, as much as a most of £50,000.
Struggling companies will obtain the money inside a couple of days.
The brand new “bounce again” loans are 100 per cent assured by the federal government.
In the meantime, Prime Minister Bori Johnson is to announce his ‘street map’ out of lockdown this Sunday. So how ought to companies be making ready for the lifting of laws?
Right here to reply that and extra Solar-reader questions is small enterprise skilled and entrepreneur Matt Haycox.
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