2 min read
A known, factored commitment
A Bounce Back Loan is government-backed debt many companies still carry. A lender treats its monthly repayment as an existing commitment when assessing affordability for new borrowing — nothing unusual, just part of the picture.
Staying current is the key
Keeping up with the BBL repayment shows control. Arrears on it are a red flag, as with any debt. Some businesses consolidate or refinance to simplify — worth weighing if repayments are tight.
Applying
Show the BBL is current and factor it into a sensible request, then apply online.
Frequently asked questions
Does an open Bounce Back Loan stop me borrowing again?
No, if you are keeping up with it. It counts as an existing commitment in the affordability assessment, like any other debt.
What if I'm behind on my Bounce Back Loan?
Arrears on it are a concern, as with any debt. Bringing it current, or arranging a plan, before applying puts you in a far stronger position.
Related reading
Can I get a business loan if I still have a Bounce Back Loan?
Yes, in most cases. An outstanding Bounce Back Loan (BBL) is simply existing debt a lender takes into account…
Read →Can I get a business loan if I already have other loans?
Usually yes — having existing borrowing does not rule out a further business loan, provided the company can…
Read →Can I consolidate my business debts into one loan?
Yes. Consolidating several business debts into a single loan can simplify your repayments and, depending on…
Read →
I took a Bounce Back Loan and need more finance to grow — can I still borrow?
An existing Bounce Back Loan doesn't block new borrowing; lenders look at whether the business can…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.