Small businesses will be able to apply for a 100% government Bounce Back Loan from Monday, 4 May. Businesses will be able to borrow between £2,000 and £50,000 and access the cash within days.
The government guarantees 100% of the loan and no fees or interest to pay for the first 12 months. The interest rate thereafter is 2.5% a year.
There are 11 lenders offering the loans and you need approach a lender via their website.
To find out eligibility, lenders and more information please click here .