Covid-19: SME brokers eligible for government bounce back loans
HM Treasury confirmed to Biba that small and medium-sized brokers are eligible for the scheme.
Small and medium sized brokers can borrow between £2,000 and £50,000 from the government’s bounce back loan scheme.
The executive director of the British Insurance Brokers’ Association, Graeme Trudgill, stated that the Treasury had confirmed that SME brokers would be accepted on to the scheme.
The loans can be obtained through accredited lenders and the government guarantees 100% of the loan.
In addition, there are no fees and no interest or repayments to be made in the first 12 months.
Can
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace