This petition was submitted during the 2019 to 2024 Parliament
Closed petition Allow interest-only payments on Bounce Back Loans for up to 10 years
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Businesses are suffering really badly across the country.
The government should extend the existing interest-only repayment options for the bounce back loans where business pay the interest only until they have the equity to make repayments of the actual loan, and have this in place for 10 years repayments.
This would help support businesses get through 2021 after already taking such losses in 2020 and a second wave making it worse for businesses.
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This petition will stay open until 6 May 2021.