Tag: repayment

Startup News 13 min read

Consequences of Closing a Limited Company With a Bounce Back Loan

Closing a limited company with an outstanding Bounce Back Loan can lead to creditor objections, formal liquidation and an investigation into the directors’ conduct. However, the unpaid balance…

ByPeter

16 April 2024

Finance 12 min read

How Does an Overdraft Work?

An overdraft allows a person or business to borrow money through a current account when the balance falls below zero. The bank may agree a borrowing limit in…

ByPeter

7 March 2024

Business 10 min read

Do You Have To Pay A Grant Back In The UK? Business Grant Repayment Rules Explained

Most business grants in the UK do not normally have to be paid back in the same way as a business loan. There are usually no scheduled monthly…

ByJessica

1 March 2024