Bounce Back Loan Support

Assistance With Your Bounce Back Loan

As COVID-19 has taken its toll on businesses around the country, companies are struggling to repay their Bounce Back Loans.

When Bounce Back Loans were offered back in March 2020, they were seen as a lifeline to many companies at the height of the pandemic. For some, they are now considered a source of financial frustration as those companies struggling to rebuild following the pandemic, see the bounce back loan repayments as another monthly outgoing they cannot afford.

When companies first took out a Bounce Back Loan, the situation with Covid and lockdowns was unclear and few predicted that the lockdown measures and local restrictions would have stayed in effect for so long.


Whilst these loans may have been taken in good faith, some businesses are now finding themselves in a position where trade has not yet come back to pre-pandemic levels. This means repaying the loan as planned is simply not possible.

If you are struggling to repay you Bounce Back Loan, rest assured, you are far from alone. It is estimated that half of those who took out these loans will be unable to repay them.

OPTIONS FOR YOUR BUSINESS

If your company is drowning in debt then you should seek expert help and advice. Delaying will only make the situation worse and can have serious consequences for you and your company. ClarkOliver can help you understand the options available to you and plan a route forward.

EXPERT ADVICE AND SUPPORT FOR YOUR BUSINESS

If you find that the effects of the COVID-19 crisis have caused insurmountable strain on your business and you would like a free and confidential discussion about what can be done to help, then please get in touch with one of our experts who can advise on your situation on
01625 544 776

All of the initial consultations with Clark Oliver are provided free of charge

Ready to discuss your options?

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Services

Creditor Pressure

If your company has escalating debts and creditors are chasing you for payment that your company cannot afford, there is little time to waste.
Cash Flow Problems

If your business is struggling with its cash flow. It's often temporary and may only require the restructure of the business.
HMRC Debts & Arrears

Behind with your VAT, PAYE or Corporation Tax payments to HMRC or you unable to discharge liabilities in full?
Winding-Up Petition

If you have received a Winding-Up Petition from a creditor, let us help your company respond before HMRC does.
Time To Pay Arrangements

Instigate a Time to Pay arrangement to assist with cashflow. Repay what you owe over a longer period and bring your tax affairs up to date.

Accelerated Payment Notice

Received an Accelerated Payment Notice demanding payment within a 90-day period? You should speak to us.
Business Finance

Let your business flourish. We help businesses and individuals access to some of the most respected finance providers in the industry.

Liquidation

For companies that are insolvent and wish to voluntarily bring about the end of the business.
Company Voluntary Arrangement

Looking for an alternative to liquidation? A CVA can help you repay your company’s creditors over a period of time.

Members Voluntary Liquidation

For shareholders of a solvent company to voluntarily wind up the company and appoint a Liquidator to realise the assets.
Pre-Pack Administration

Sell your business and assets under a pre arranged sale whilst the business is preserved and migrated to a new company.