Bounce Back Loans – a fine balancing act for lenders

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With the Government having introduced a variety of financial business support schemes to get companies through the pandemic, the question now is how sustainable are they and what is next for initiatives such as the Bounce Bank Loan Scheme and the Coronavirus Business Interruption Loan Scheme. At this critical economic moment, with around £76 billion of loans already approved, there is now an extensive fiscal balancing act to be struck to manage Whitehall and lenders’ interests and give a consistent approach in the process for both borrowers and taxpayers.

Here in our latest whitepaper Jaco Snyman, Sigma’s Director of Financial Services, discusses the risks of these schemes and the potential solutions to help businesses navigate their way through what is set to be a tricky and hugely pivotal few months

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