Manage your existing Bounce Back Loan

The Bounce Back Loan Scheme (BBLS) was a support scheme from the Government, which added to the existing support for small businesses affected by coronavirus.

The scheme has been closed by the Government, so Tide doesn’t offer it anymore.

If you're currently repaying your Bounce Back Loan, this guide shows you how to:

🔗 Compare your Bounce Back Loan to other schemes

🔗 Issue a statement for your Bounce Back Loan

🔗 Repay your Bounce Back Loan

See what your Bounce Back Loan includes

The scheme has been closed by the Government, so Tide doesn’t offer it anymore.

Your Bounce Back Loan offer

Keep in mind that your loan offer is based on the eligibility of your company and we assess each company separately. So, you can't swap your offer to a different company.

Your Bounce Back Loan interest rate

Like all Bounce Back Loans, you won’t pay any interest for the first 12 months because the Government will pay it for you. After that, the interest rate is fixed at 2.5% p.a.

Pay As You Grow

BBLS was Government-backed, not Government funded. Whilst it was straightforward for banks, as they have access to the Bank of England’s funds, non-banks like Tide had to raise their funds to lend to offer this scheme.

For this reason, and as previously communicated, Tide is not offering Pay As You Grow options (PAYG), as it would have to finance the extension of BBLS repayment terms itself, without access to Bank of England or other Government funding.

We are however open to discussing alternative arrangements and repayment plans if you're facing financial difficulty. Any variation to the original repayment schedule is subject to Tide’s internal policies. You can contact our dedicated team at collections@tide.co for support.