This petition was submitted during the 2019 to 2024 Parliament
Closed petition Increase the maximum bounce back loan from £50,000 to £100,000
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We want the government to increase the limit for bounce back loans to £100,000 to allow businesses to survive the latest lockdown restrictions.
Businesses are currently struggling to survive and with many the grants currently available will not help with paying rent and untilities which are still due. The CBILS loan is out of reach for many businesses due the 80% guarantee and this will allow many business and industries to survive the latest lockdown restrictions.
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This petition will stay open until 4 June 2021.