Through our recent work with partners across the social sector, it has become clear that many social enterprises have experienced challenges when applying for government loans via mainstream banks. In particular, Bounce Back Loans (BBLs), which are designed to be accessed easy and self-certified, have proved difficult to access for social enterprises.
We are working collectively with our partners and UK Finance (the banking trade association) to try and resolve these issues. If you have been trying to access emergency loan finance as a result of Covid-19 business interruption, we would appreciate you sharing your feedback via the below survey.
Responses will be used as evidence to strengthen our case to government and UK Finance.