How is a Bounce Back Loan different from a Business Interruption Loan?

The Bounce Back Loan Scheme (BBLS) was separate from, but similar to, the Coronavirus Business Interruption Loan Scheme (CBILS). Both loan schemes lent money to businesses via lenders accredited by the British Business Bank. 

Small businesses could be eligible for both schemes, but the Bounce Back Loan Scheme aimed to help small businesses borrow smaller amounts more quickly, and with more generous terms.

• bank statements of business transactions

• invoices plus bank statements - to verify transaction amounts

• signed third-party contracts

• certifications, licences, or professional registers

• certificate of incorporation (if you’re changing the legal business type of your company)

You can read more about the difference between CBILS and BBLS on the British Business Bank’s website.

Occasionally, we won’t require proof of your business name change. If you don’t have any documents yet, message us in the in-app chat, and we’ll confirm if that’s possible.