Bounce Back Loan ‘top-up’ available for SMEs

10th Nov 20

From November 10, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them.

The top-ups are only available from a borrower’s existing BBLS lender. A borrower can apply for a top-up that is for the lesser of £50k or 25% of the annual turnover the borrower certified in their original successful BBLS application form, minus the value of their original loan.

Bounce Back Loan Scheme top-up features

  • One top-up per borrower from their existing lender.
  • Minimum top up amount – £1,000.
  • The capital repayment holiday runs for 12 months from the initial drawdown date on the original Bounce Back Loan. For example, if the initial drawdown date of the original Bounce Back Loan was on 1 June 2020, and the drawdown date of the top-up was on 1 November 2020, the capital repayment holiday period will run to 31 May 2021.
Certified Annual Turnover for original loanTotal amount available under BBLS (25% of turnover)Original Bounce Back Loan amountMaximum Bounce Back Loan Top-up:

(total eligible amount minus original loan amount)
Example 1£200,000£50,000£50,000£0
Example 2£200,000£50,000£10,000£40,000
Example 3£150,000£37,500£30,000£7,500
Example 4£100,000£25,000£20,000£5,000
Example 5£50,000£12,500£10,000£2,500
Example 6£20,000£5,000£4,000£1,000

How to apply

A short form template application form will be available from the Bounce Back Loan Scheme accredited lenders.

Borrowers must complete this application form to be eligible for a top-up.  The top-up application form will require borrowers to indicate the amount of the top-up requested and re-provide certain declarations set out in the original Bounce Back Loan application form.  

Further details and conditions are available on the Bounce Back Loan Scheme page on the British Business Bank website.

If you have any concerns and would like to talk through this process for your business, please do give us a call on 01440 821991 or email us on