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 comfortably service both, so affordability, not the BBL itself, is the test. Millions of businesses took a Bounce Back Loan, and repaying one doesn't stop you borrowing again. Lenders simply factor it into affordability like any other commitment.

I took a Bounce Back Loan and need more finance

2 min read

BBL alongsideNot a blocker

Affordability testCan you service both?

Fund growthOn the numbers

A BBL isn't a barrier

Millions of businesses took a Bounce Back Loan, and repaying one doesn't stop you borrowing again. Lenders simply factor it into affordability like any other commitment.

Show you can service both

Bring figures that show the business comfortably covers the BBL and new repayments. A working-capital facility for genuine growth is assessed on that affordability — check it on the affordability calculator.

Borrow for growth, not to plug a hole

Additional finance works best when it funds something that pays for itself. Borrowing to grow on top of a BBL is fine when the growth clearly covers both commitments.

What it means for you

Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.

Frequently asked questions

Can I get a business loan if I still have a Bounce Back Loan?

Yes. An existing BBL is treated as a normal commitment in affordability. If the business can comfortably service both, the BBL is no barrier to new borrowing.

Does a Bounce Back Loan hurt my chances of borrowing?

Not in itself — it's just another commitment lenders factor into affordability. Show the business covers both the BBL and the new repayments and you're assessed on the numbers.