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Bounce Back Loans - Eligibility

I own more than one business. Can I get more than one Bounce Back Loan?

No. Government rules state that you may only have one Bounce Back Loan. This is one per person or one per group.

So if you own more than one company (a group), you can only take out one Bounce Back Loan for the whole group.

Two companies form a ‘group’ when:

  • one company is a subsidiary of the other, or
  • both companies are subsidiaries of a third company (all three are then ‘a group’), or
  • the same person has a controlling interest (for example,51% shares) in both companies.