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The Government has announced some changes to the Small Business Cashflow (Loan) Scheme.
Also, applications for the loan can now be made until 31 December 2023, an extension of 3 years.
We’ll update the terms and conditions of existing loan contracts to include the changes. You don’t need to get in touch with us. We’ll do this by 31 December 2020 and we’ll let you know when we’ve made the change.
At this stage, there are no other changes to the loan scheme.
The Government has asked for advice on some of these existing aspects of the loan scheme, so further changes may happen at a later stage.