Accountancy News in Aylesbury

Contact us if you have a query. Tel: 01296 437665

Bounce Back loans still available

The Bounce Back Loans scheme was launched in May 2020 to provide financial support to businesses across the UK that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 pandemic. The scheme allows small businesses to borrow between £2,000 and £50,000 and access the cash in most cases within 24 hours of approval.

The scheme was launched for an initial period of 6 months but has now been extended (together with all the government-backed loan schemes) until 31 January 2021. The loans come with a 100% government guarantee and businesses can apply for a loan of up to 25% of their turnover. The government will also pay the interest on these loans for the first 12 months and no repayments will be due during this time. After 12 months the interest rate will be 2.5% a year.

It is also now possible for businesses to ‘top up’ existing Bounce Back Loans should they need additional funding. This applies to businesses who borrowed less than their maximum loan allowance. Businesses will be required to fill out a separate application form, reaffirming the declarations made in the original application form and will only be able to make one top-up application.

The scheme is available through a network of 28 British Business Bank accredited lenders including the five largest banks. Banks will not perform any forward-looking test of business viability or other complex eligibility criteria for these loans. Businesses can instead apply for a loan online using a short and simple online form.

Bron: Department for Business, Energy & Industrial Strategy | 17-11-2020

Back

What our clients say about us:

Professional, efficient, friendly, they always have time to answer a query.

Shirley Denny, DirectorGatelodge Consulting Limited

"We have worked with APS Accountancy since our company was formed and we could not be happier with the service we receive. We have and will continue to recommend their services to others."

Mark Van Walwyk, DirectorVW Research Services Ltd

"From day one, APS Accountancy have provided excellent accounting services but also provided ongoing advice as my business has grown. The responsive team takes time to understand my business and the specific challenges I face within the market research sector."

Andrew Smith, Director & Lead Research ConsultantInsight Advantage Limited

We have been using APS Accountancy for a number of years now and as a small company we feel they've tailored their services well to suit us individually. We have always found the staff there to be courteous and helpful and always responded quickly to any queries or questions we have had. I recommend them regularly to friends and other businesses which I feel speak volumes in itself.

Julie Smith, DirectorDEEFA Limited

"I was introduced to APS Accountancy about 3 years ago by my daughter, who was already a very satisfied client for her business. Since retaining them for our business accounts I have found them to be great to deal with. They are always happy to offer advice and proactively suggesting the best ways to handle our business’s financials and tax liability. The important thing for The Baby Studio is they are not big and faceless; all of the team are friendly, helpful, accessible and responsive."

Derwent Walsh, DirectorThe Baby Studio Limited

We have worked with APS Accountancy for many years and have found them to be extremely helpful in all aspects of my business financial requirements. They are incredibly well informed and provide us with a great quality service. They are very prompt and organised which keeps us happy, and we would very much recommend their services to our clients

Matt Reid, DirectorLMR PC Solutions Limited

We have just started to work with APS Accountancy and our experience has been excellent. They have helped us to implement a new accounting system for our business including training our team how to use it. They are very flexible and easy to work with and they can be relied upon to deliver what they agree to do. We have been so impressed with their service that we have moved all our accounting to them and would highly recommend them.

Stuart Walsh, DirectorFranchise Finance Limited

We’re very happy with the friendly and efficient service provided by APS Accountancy. They are always prompt to reply to questions and don’t baffle us with technical jargon

Karl Cooper, DirectorHeed Limited

APS Accountancy made the transition from our previous accountant a seamless process. They agreed a competitive fixed fee in advance and now provide us with management accounts which we meet to discuss on a regular basis. APS Accountancy have managed the process from first meeting to where we are now and we wouldn’t hesitate to recommend the team or their services.

Brett Sumner and Phil Dearman, DirectorsDovetail Building Consultants Limited

Contact us if you have a query. Tel: 01296 437665

Bounce Back loans still available

What our clients say about us:

APS Accountancy can effectively manage your business accounts