Bounce Bank Loans (BBLS) allow businesses to borrow between £2,000 and £50,000, the loans will be interest free for the first 12 months and businesses can apply online through a short and simple form.
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Applications are now open for the Self-Employed hardship fund. This fund is for anyone who became Self Employed in Scotland on or after 6 April 2019 (meaning they do not qualify for the SEISS) and who is suffering financial hardship as a result of Covid-19.
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HMRC have issued further guidance on this scheme and this week they will start to contact Self Employed Individuals or Members of Partnerships who may be eligible for the scheme by letter.
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