Peer2Peer Finance News

Extension of the Bounce Bank Loans

Publication: Peer2Peer Finance News
9th February 2021


Katrin Herrling questions if the government’s extension on Bounce Back Loans with the introduction of new ‘pay-as-you-grow’ scheme terms would work in the favour of the bracket of businesses that have used the scheme.

From Funding Xchange’s vast data arsenal, co-founder and CEO Katrin Herrling concludes the scheme does not seem fit for purpose and forecast that more than half of the businesses who have used the scheme may be unable to repay; which begs the question, should the government be doing more?

The full article can be found here.