100% Government backed 'bounce back loans' for small businesses announced by the Chancellor today (27 April) - if your firm is affected by the coronavirus outbreak, you may be able to apply for up to £50,000. If you are currently struggling to obtain credit or not eligible for any of the other government schemes then bounce back loan could help ease the pressure your small business is facing. For the first twelve months the loan is interest-free. This scheme will be available from 9am on Monday 4th May and the loan applications will not feature complex eligibility criteria and funds should be available within 24 hours of approval. Micro-businesses and sole traders will be able to access finance without onerous requirements and the process should be 'quick and simple'.