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Hello, my name is***** hope you are well today. I am a qualified Solicitor, and I will be able to help you by providing you with an answer to your question today. I specialise in UK and Irish Law. I am not always online but rest assured if I do not respond immediately I will respond when I return.
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Have you checked the terms and conditions of the loan for late or non-payment?
You may want to check it first to know if there are options available in case of non-payment of loan.
If you send it through I am happy to review.
If your business has taken out a Bounce Back Loan, you’ll be expected to make monthly repayments after the first anniversary of your loan, a month in arrears. However, if you’re likely to struggle to start repaying your loan and need more flexibility, the Government has put in place some additional measures to help ease your financial difficulties, under a so-called ‘Pay As You Grow’ scheme.
Other support functions are available through:Additional support:
Business Debtline
A charity that gives businesses free and independent advice on dealing with debt.
The UK's leading debt charity, offering expert debt advice and fee-free debt management to help tackle debts.
The trade body for angel investment and early-stage investment.
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