Bounce Back Loan borrowers can delay repayments

14th February 2021

Businesses that have taken out a Bounce Back Loan will have greater flexibility over repayments. Pay as You Grow will allow borrowers to delay repayments for six months, meaning no repayments will be due until 18 months after the loan was originally taken out. Pay as You Grow will also enable borrowers to extend the length of their loans from six to ten years and make interest-only payments for six months.