You’re eligible for a Bounce Back Loan if your business:

• is based in the UK
• was established on or before 1 March 2020
• has been negatively affected by coronavirus
• earns 50% or more of its income from trading
• will use the loan money as working capital or to invest in your business

If your business was an ‘undertaking in difficulty’…
You’re eligible if you certify that taking out a Bounce Back Loan won’t breach state aid rules and that you won’t use the loan for export-related activities.

• If you tell us your business was an ‘undertaking in difficulty’, we’ll ask you to fill in this form about State Aid and send it to our Member Support team.
• Not sure if your business was an ‘undertaking in difficulty’? Use this questionnaire to find out.

You aren’t eligible if your business is:

• a bank, insurer or reinsurer
  (but insurance brokers are eligible)
• a public-sector body
• a state-funded primary or secondary school
• going through a bankruptcy, debt restructuring or liquidation
• receiving or has applied for a Bounce Back Loan from another lender
• already getting a loan from the Coronavirus Business Interruption Loan Scheme.
  However, you can take out a Bounce Back Loan and use the money to repay the Business Interruption Loan in full.

To find out if you can access a Bounce Back Loan from Tide, open your Tide app and go to More > Credit > Bounce Back Loan 

If you’re interested in taking out a Bounce Back Loan with us and you don’t see it in your app, please join our waiting list.