The Bounce Back Loan Scheme was formally launched on 4 May 2020 and is available until 4 November 2020. It is a new scheme introduced to help smaller businesses impacted by coronavirus (COVID-19). It aims to assist those businesses to borrow between £2,000 up to 25% of a business’ turnover. The maximum amount available is £50,000 and there is no fee payable. The government will cover any interest payable in the first 12 months through a Business Interruption Payment to the lender, …