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Application started?

If you've completed an online application, you can expect your first stage loan documents by email within 24 hours.

If you've returned your loan documents, you can expect to hear from us by email within 48 hours to let you know if we've approved your loan.

If your application has been accepted, you can expect funds within 3 working days.

We're currently experiencing high call volumes. Please avoid calling to check your loan application status. We’ll be in touch with you as soon as we can.

For more support, use the 'Chat now' button, or visit our Bounce Back Loan FAQs.

Coronavirus support

Bounce Back
Loan Scheme

What is the Bounce Back Loan Scheme?

The Bounce Back Loan Scheme is a government initiative to support small and medium-sized businesses. The government provides lenders like Royal Bank of Scotland with a guarantee for 100% of the loan. 

Note, the borrower remains liable for all of the debt.

Borrow from £2,000 up to £50,000
(up to a maximum of 25% of your turnover)

Fixed 6 year loan term, with no early repayment fees if you wish to repay the loan early

Interest rate is 2.5% fixed

12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term). However, you can choose to make repayments at any time

Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term

Personal guarantee is not required 

How do I get the Bounce Back Loan?

Apply online

Check your eligibility and start your application.

Sign and submit

Review, sign and submit your loan documents online, which is quick and easy. Let us do our checks.

Receive funds

If your application is successful, we will aim to have funds in your account within 3 working days.

Eligibility criteria for the Bounce Back Loan Scheme

You may be eligible if:

  • you’re a UK resident with a business or registered charity based in the UK
  • your business was established before 1 March 2020
  • you can certify that your business has been adversely impacted by coronavirus (COVID-19)
  • you're an existing business banking customer

You won't be eligible if:

  • you already have a Bounce Back Loan. You can only apply for one loan through the Bounce Back Loan Scheme, and you won't be able to increase the loan amount once it's been approved.
  • you already have a Coronavirus Large Business Interruption Loan or the Bank of England's Covid Corporate Financing Facility.
  • you’re a credit institution (falling within the remit of the Bank Recovery and Resolution Directive), public sector body, a state-funded primary or secondary school or an insurance company.
  • your business is subject to collections or collective insolvency proceedings.

 

Ready to apply?

Note, you must be authorised to apply for a loan on behalf of your business.

You can only apply for one loan through the Bounce Back Loan Scheme, and you won't be able to increase the loan amount once it's been approved. Carefully consider what funds you'll need before applying.

Are you...
Has your business been affected by coronavirus (COVID-19)?

Apply for a Bounce Back Loan

Thank you for choosing our Bounce Back Loan. Remember:

  • Borrow from £2,000 up to £50,000
    (up to a maximum of 25% of your turnover)
  • Fixed 6 year loan term, with no early repayment fees if you wish to repay the loan early
  • Interest rate 2.5% fixed
  • A 12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term). However, you can choose to make repayments at any time
  • Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term
  • Personal guarantee is not required

 

Please start your application below.

Note that following your application, you will receive a link to complete and submit your documents online.  



Accessibility:
Information regarding an accessible application option for our vulnerable customers can be found in our FAQ's.

Unfortunately you're unlikely to qualify for a Bounce Back Loan

The Bounce Back Loan Scheme provides funding for businesses affected by coronavirus. 

You can still apply for one of our other loans. Please see our loans and finance options online.

Was your business established before 6 April 2019?

Apply for a Loan Servicing Account

If you use your personal Royal Bank of Scotland account for business purposes and your business was established before 6 April 2019, you will need a business account to facilitate your Bounce Back Loan. This account can be a Loan Servicing Account with Royal Bank of Scotland.

The Royal Bank of Scotland Loan Servicing Account will be for operational purposes only and free of everyday transaction charges.

Apply for a Loan Servicing Account here

Apply for a business bank account

If you use your personal Royal Bank of Scotland account for business purposes and your business was established after 6 April 2019, you will need a Royal Bank of Scotland business bank account to facilitate your Bounce Back Loan. 

See our range of business bank accounts here

Has your business been affected by coronavirus (COVID-19)?

Apply for a Bounce Back Loan

Thank you for choosing our Bounce Back Loan. Remember:

  • Borrow from £2,000 up to £50,000
    (up to a maximum of 25% of your turnover)
  • Fixed 6 year loan term, with no early repayment fees if you wish to repay the loan early
  • Interest rate 2.5% fixed
  • A 12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term). However, you can choose to make repayments at any time
  • Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term
  • Personal guarantee is not required

 

Please start your application below.

Note that following your application, you will receive a link to complete and submit your documents online.  



Accessibility:
 Information regarding an accessible application option for our vulnerable customers can be found in our FAQ's.

Unfortunately you're unlikely to qualify for a Bounce Back Loan

The Bounce Back Loan Scheme provides funding for businesses affected by coronavirus. 

You can still apply for one of our other loans. Please see our loans and finance options online.

Thank you for your interest

With unprecedented demand we are prioritising our existing customers and their Bounce Back Loan Scheme applications. You may be able to access support more quickly by contacting your current bank. 

If they are unable to assist, a list of accredited providers is also available on the British Business Bank website.

Thank you for understanding.

Do you have more questions about the Bounce Back Loan Scheme?

We're here to help. Visit our Frequently Asked Questions to find further guidance and support.

The Bounce Bank Loan Scheme (BBLS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).

Full details on BBLS and the list of participating lenders can be found on the British Business Bank website: www.british-business-bank.co.uk.

More information on what you can expect from us as a lender during the life of your Bounce Back Loan Scheme

  1. What we have agreed to address

    • We will monitor your repayment record during the life of your Bounce Back Loan and take action to help you where there are signs of actual or possible repayment difficulties.
    • If we identify that you might be vulnerable, we will make appropriate adjustments to ensure that your circumstances are accommodated throughout the duration of your Bounce Back Loan.
    • If you default under your Bounce Back Loan, we will give you a reasonable period to remedy any breach and we will not treat the default as an event of default if it is remedied within this period.
    • We will not require you to pay any fees of any description (including on default) or any default interest (except if the Bounce Back Loan is not repaid when due we may continue to charge interest at 2.5% per annum until such time as it is repaid).
    • We will give consideration to your information needs once you have a Bounce Back Loan with us and provide information to you in a way which is clear, fair and not misleading.
    • We will provide you with information on your right to repay a Bounce Back Loan before your Bounce Back Loan is binding you.
    • We will provide you with information on the risks of non-repayment of your Bounce Back Loan, including the impact on your credit file before your Bounce Back Loan is binding on you.
  2. What information we have agreed to provide

    1. Timely, clear and adequate information that will help you to understand that, if you fail to make payments under your Bounce Back Loan, the amount missed, what can be done to remedy, in what timescales, and the impact (if any) on your future repayments;
    2. if you default, we will give you information about any proposed action we might take in respect of your Bounce Back Loan, prior to taking such action;
    3. regular information about your Bounce Back Loan (on at least an annual basis) in the form of a statement setting out details of the payment transactions on the Bounce Back Loan during the period since such information was provided (or the Initial Drawdown Date, if no such information has been provided previously) and amounts outstanding under the Bounce Back Loan; and
    4. information on options available to you for help and assistance, including sources of free independent advice.
  3. Complaints and escalation

    We always try to give you the best possible service. If, however, you want to make a formal complaint to us, the easiest way is online but there are also other ways. For more information and to make a complaint online, visit our complaints page.

     

    You can also escalate to The Financial Ombudsman Service where eligible. The Financial Ombudsman is an independent organisation. They sort out complaints consumers and certain financial businesses haven’t been able to settle themselves. If for some reason you haven’t been able to resolve a complaint within 8 weeks, or if you are not satisfied with the resolution then you can refer your complaint to the Financial Ombudsman Service. If you receive a final response letter from us, and still want to contact the Financial Ombudsman Service, you will need to do this within 6 months of receiving a final response letter from us. To find out more about the service visit: financial-ombudsman.org.uk

More support for your business needs

Loan repayment holiday to give your business a bit of breathing space

If you have a business loan with us, you can request a loan repayment holiday through your Relationship Manager or apply online.

Business overdraft could support your cashflow when you need it most

An arranged overdraft is a flexible, short-term safety net. Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.

Coronavirus Business Interruption Loan Scheme (CBILS)

Loans from £50,001 to £5 million and no interest payments for 12 months for small businesses affected by coronavirus.

Coronavirus support for your business

We understand these are difficult times, and if you're in need of a helping hand we're here to support you.

Find guidance and support on our coronavirus hub.

Something else we can help you with?