The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover.
The maximum loan available is £50,000.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
After 12 months the interest rate will be 2.5% a year.
The scheme has been extended and is now open to applications until January 31, 2021.
For further information and to apply click here.