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What is ABA?

The ABA (American Bankers Association) represents the banking industry in the United States and is known for creating the ABA routing number system, which is used to identify banks in the U.S. Example: Your bank's routing number is sometimes referred to as an "ABA number."

Small businesses could be eligible for both schemes, but the Bounce Back Loan Scheme aimed to help small businesses borrow smaller amounts more quickly, and with more generous terms.

You can read more about the difference between CBILS and BBLS on the British Business Bank’s website.

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