Rejected petition Change the bounce back loan turnover from 25% to 50%

I would like the government to change the criteria for the bounce back loan, as I have spoke to a lot of people and they underestimated their annual turnover due to the uncertainty from this pandemic. Business has picked up for a lot of people in the last few months.

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However going into a second lock down is going to be very challenging.The second lock down has left a lot of uncertainty for businesses, as the government have stated that there is a potential of the lockdown being extended. This will lead to a lot of small and medium sized businesses will close.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You might like to sign the following petition:

Raise the maximum turnover percentage offered under Bounce Back Loan top ups
https://petition.parliament.uk/petitions/558517

We only reject petitions that don’t meet the petition standards.

Date submitted 12 November 2020
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