It claims the new sign-up process takes “just 15 minutes”. The Bounce Back Loan scheme is open to applications until 30 November 2020. Metro Bank account holders can apply for bounce back loan new account or old account. The London bank becomes the 18th accredited lender under the government scheme. That’s why we’re proud to be part of the British Business Bank’s Recovery Loan Scheme (RLS). We’re dealing with a very high volume of customers, so you may need to join a queue. Metro Bank will join the other 17 lenders accredited to the Bounce Back Loan Scheme (BBLS) in providing financial support to smaller businesses across … Keith Morgan, chief executive of the British Business Bank, said: “The Bounce Back Loan scheme has already helped over 608,000 businesses access loans worth £18.4bn. You could even get your account on the same day, and our business banking is free if your balance stays above £5,000. Bounce back loan. Metro Bank – Bounce Back Loan (approved* BBLS Provider or Lender by British Business Bank) Minimum Loan: £2000 Maximum Loan: £50000 Minimum Term: 1 Month Maximum Term: 72 Months Interest Rate: 2.50% p.a. Hello all, very new to this, was wondering if anyone has recently applied for the bounce back loan either through metro bank since it became accredited on Monday, and are still yet to know there outcome as it says it has to be reviewed. Plus, you can spread out your repayments across a term of up to six years. The UK’s youngest high-street lender, Metro Bank, has been approved as the latest accredited lender under the Bounce Back Loan Scheme (BBLS), according to an announcement by the British Business Bank.. Businesses can use it to open a Metro Bank account and apply for a Bounce Back Loan … When it’s your turn you will have 10 minutes to start your application. 4 May 2020 Businesses that were undertakings in difficulty on 31 December 2019 can apply. Metro Bank has unveiled a new version of its account onboarding for small and medium-sized enterprises (SMEs). The Government’s ‘bounce back’ loans, announced last … Backed by the UK Government, you can apply for the Recovery Loan Scheme even if your business already has a Bounce Back Loan or Coronavirus Business Interruption Loan. Online: If you’re a limited company or a sole trader we’re now taking business bank account applications online.Applications open at 10am each day. A new business loan scheme opened today aimed at helping small companies through the coronavirus crisis. Metro Bank plans to start lending under the scheme as soon as possible and will keep customers updated on when they are ready to receive applications. 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