Bounce Back Loan Scheme Rules (BBLS)

• What is the Bounce Back Loan Scheme?
• Is BBLS different to the Coronavirus Business Interruption Loan Scheme (CBILS)?
• Can I apply for an overdraft under BBLS?
• How much can I borrow?
• I need more than £50k, can I borrow from multiple banks?

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Eligibility

• I was trading before 1st March but was incorporated after 1st March 2020. Can I apply for a bounce back loan?
• If I have more than one business or entity can I get more than one BBL loan?
• I’ve been declined a Bounce Back Loan with Starling. Can I apply again?
• I have received a Bounce back loan, can I apply for a CBILs?
• Do I need to be a Starling business customer?

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Registering Interest

• Please can I cancel my registration of interest?
• I’ve joined the BBLS interest list. How long should I expect to wait before being invited to apply?
• I’ve already applied for a BBL with Starling but haven’t yet been accepted. Do I also need to join the BBLS interest list?

Application Process

• I have received an email saying my application has been accepted. How do I proceed and accept the loan?
• I've been invited to apply, and have submitted an application. How long does the application process take?
• What checks will you carry out as part of the BBL application process?
• Am I guaranteed to be accepted for a Bounce Back Loan?

Documentation

• I have sent my documents in and had this confirmed, why is my application still saying awaiting evidence in the online bank?
• I'm a Sole Trader who has only just started trading. I don’t have my tax return, what documentation can I submit?
• As a Sole Trader, what do I need to provide?
• As a sole trader, why do you need my tax return?
• As a sole trader, if I traded in 2018/19 and 2019/20 do I need to submit both tax returns?

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Loan management

• I applied for the wrong amount, can I change this?
• What are the costs of the scheme?
• What happens if I miss a repayment?
• My BBLS application has been successful, but why do I see a scheduled BBLS payment set up in my account?