Bounce Back Loans - Tide service

Why are you only closing the waiting list now?

Our aim has always been to offer a Bounce Back Loan to every eligible business who registered their interest with us. The Government scheme is open to all eligible small businesses and they stated that you should have speedy access to this urgently-needed money. We believe in this sentiment and we want to help as many of you as possible. That’s why our waiting list remained open while we negotiated with financial institutions to secure the funding for our loans.

However, we knew demand would be high so on the page where businesses registered with their email address, we stated that we might not be able to offer a loan to everyone who registered.

If you’re already registered on our waiting list:

  • you remain on our waiting list
    If you’ve secured a loan with another lender, there’s no need to contact us to be removed from the list.
  • you may apply or join a waiting list with another lender
    This is because ‘registering interest’ is not the same as ‘applied for’. (Under the Bounce Back Loan Scheme rules, you can’t ‘apply for’ a loan with more than one lender.)

 

If and when the Government grants direct access to funding for lenders, we’re ready to lend at scale. We’ll be able to re-open our waiting list and launch our waiting list tracker, so you can find out your eligibility and position. If and when this happens, we’ll update everyone on our waiting list by email.