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Bounce Back Loan Scheme’s (BBLS) Pay As You Grow repayment plan

The Government has offered increased flexibility for businesses with BBLS loans enabling them to tailor their repayments based on their individual circumstances.


Delayed Repayments

Businesses can opt out of making payments on BBLS loans until 18 months after they were originally taken out.
Repayments can be paused from the first repayment, rather than after making six repayments.


Extended Loan Term

Borrowers can extend the length of BBLS loans from 6 to 10 years, reducing monthly repayments by nearly 50%.
Businesses will not have to pay any interest in the first 12 months.


All Lenders Will Offer The Same Support

The Financial Conduct Authority’s conduct rules require lenders to show due consideration and appropriate forbearance to borrowers in difficulty.

Borrowers should only expect correspondence from their lender three months before their first repayment is due.


All borrowers should receive identical information on PAYG options being offered:

  • Extend the length of the loan from 6 years to 10 years.
  • Make interest-only payments for 6 months, with the option to use this up to 3 times throughout the loan.
  • Pause repayments entirely for up to 6 months.


MATCH is working hard to keep on top of all the latest news and government support so, as always, feel free to get in touch if you have any queries and we’ll be happy to help.


MATCH Accounting Limited