Bounce Back Loan Scheme

Investec is an accredited lender for the Bounce Back Loan Scheme (BBLS).

We are now accepting applications from our existing clients and look forward to helping small businesses through this tough time. 

What is BBLS?

The Bounce Back Loan Scheme (BBLS) provides financial support of up to £50,000 to UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the coronavirus pandemic. It’s available through a range of British Business Bank accredited lenders and partners, and is part of a wider package of government support for UK businesses and employees. For more details, please visit the British Business Bank website.

What financing can Investec offer under BBLS?

Through the scheme, we can offer existing Investec clients a 6-year term loan of £2,000-£50,000, up to 25% of your business’s turnover. 
 
  • If your turnover is £100,000, you’d be able to borrow a maximum of £25,000
  • If your turnover is £200,000 or above, you’d be able to borrow a maximum of £50,000
To borrow more than £50,000, please see our informationon Coronavirus Business Interruption Loan Scheme (CBILS) financing.
 
Please note that as a borrower, you would always remain fully liable for the debt.

Can I apply for BBLS and CBILS financing?

You will not be able to take out additional BBLS financing if you have already borrowed under CBILS, and vice versa. However, if you're an existing CBILS borrower, you can apply under BBLS to refinance your CBILS financing in full, which may be cheaper and more flexible.
 
Please be aware that borrower protections under these schemes vary. You can contact us to discuss this in more detail if you need to.

Is my business eligible to apply?

To be eligible to apply for BBLS financing through Investec, your business must:
 
  • Be a UK-based sole trader, partnership or company
  • Self-certify that you have been adversely impacted by the coronavirus (Covid-19)
  • Generate more than 50% of your (Group) turnover from trading activity in the UK 
  • Self-certify that it was not an “undertaking in difficulty” on 31 December 2019
  • Wish to borrow between £2,000 and £50,000 (up to a maximum of 25% of your annual turnover)
  • Have been established before 1 March 2020 
Only businesses who were existing business customers before our BBLS scheme went live on June 17 2020 can apply.
 
Unfortunately, you won’t be eligible if your business:
 
  • Is a bank, building society, credit institution, insurance company, reinsurer, public sector organisation, or state funded primary or secondary school or charity
  • Is bankrupt, going through debt restructuring or in liquidation
  • Has applied or been accepted for a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), or Covid-19 Corporate Financing Facility (CCFF) over £50,000 
     
If you’ve already received a loan of up to £50,000 under one of the above schemes, you can transfer it into the Bounce Back Loan Scheme by applying as usual and stating refinancing as your purpose. You have until 4 November 2020 to arrange this.

What will I need to apply?

You won’t need to provide any documents to apply, but you will need your Investec Agreement Number. You can find this on any documentation relating to your existing financing with us – if you can’t find it or don’t have access to your documentation, please let us know when you contact us.

 

If you’d like to apply for BBLS financing, please contact us.

Our UK regulators
 
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered at 30 Gresham Street, London EC2V 7QP.
 
Investec Asset Finance plc (Reg. no 2179313) is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities (including hiring). Registered office at Reading International Business Park, Reading, RG2 6AA.