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Application started?

If you've completed an online application, you can expect your first stage loan documents by email within 24 hours.

If you've returned your loan documents, you can expect to hear from us by email within 48 hours to let you know if we've approved your loan.

If your application has been accepted, you can expect funds within 3 working days.

We're currently experiencing high call volumes. Please avoid calling to check your loan application status. We’ll be in touch with you as soon as we can.

Visit our Bounce Back Loan FAQs to find further guidance and support.

Coronavirus support

Bounce Back
Loan Scheme

What is the Bounce Back Loan Scheme?

The Bounce Back Loan Scheme is a government initiative to support small and medium-sized businesses. The government provides lenders like Ulster Bank with a guarantee for 100% of the loan. 

Note, the borrower remains liable for all of the debt.

  • Borrow from £2,000 up to £50,000 
    (up to a maximum of 25% of your turnover)
  • Fixed 6 year loan term, with no early repayment fees if you wish to repay the loan early
  • Interest rate 2.5% fixed
  • 12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term). However, you can choose to make repayments at any time
  • Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term
  • Personal guarantee is not required 

 

Please follow this link (PDF, 153KB) for more information on what you can expect from us as a lender under the Bounce Back Loan Scheme, including information on our complaints handling procedure and other rights of escalation.

How do I get the Bounce Back Loan?

  1. 01

    Apply online

    Check your eligibility and start your application.

  2. 02

    Sign and submit

    Review, sign and submit your loan documents online, which is quick and easy. Let us do our checks.

  3. 03

    Receive funds

    If your application is successful, we will aim to have funds in your account within 3 working days.

Eligibility criteria for the Bounce Back Loan Scheme

You may be eligible if:

  • you’re a UK resident with a business or registered charity based in the UK
  • your business was established before 1 March 2020
  • you can certify that your business has been adversely impacted by coronavirus (COVID-19)
  • you're an existing business banking customer

If you have an existing Ulster Bank Coronavirus Business Interruption Loan (CBILS) that you want to transfer to a Bounce Back Loan, please check back for more information coming soon.

You won't be eligible if:

  • you already have a Coronavirus Large Business Interruption Loan or the Bank of England's Covid Corporate Financing Facility
  • you're a bank, insurer, reinsurer (but not insurance broker); public-sector body; further-education establishment, if grant-funded; or state-funded school
  • your business is subject to collections or collective insolvency proceedings

Ready to apply?

Thank you for choosing a Bounce Back Loan.

Note, you must be authorised to apply for a loan on behalf of your business.

Are you?
Has your business been affected by coronavirus (COVID-19)?

Apply for a Bounce Back Loan

Thank you for choosing our Bounce Back Loan. Remember:

  • Borrow from £2,000 up to £50,000
    (up to a maximum of 25% of your turnover)
  • Fixed 6 year loan term, with no early repayment fees if you wish to repay the loan early
  • Interest rate 2.5% fixed
  • A 12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term). However, you can choose to make repayments at any time
  • Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term
  • Personal guarantee is not required

 

Please start your application below.

Note that following your application, you will receive a link to complete and submit your documents online.

 

Accessibility: We're working hard to provide an accessible application option for our vulnerable customers. Please see our accessibility section for more information.

Unfortunately you're unlikely to qualify for a Bounce Back Loan

The Bounce Back Loan Scheme provides funding for businesses affected by coronavirus. 

You can still apply for one of our other loans. Please see our loans and finance options online.

Was your business established before 6 April 2019?

Apply for a Loan Servicing Account

If you use your personal Ulster Bank account for business purposes and your business was established before 6 April 2019, you will need a business account to facilitate your Bounce Back Loan. This account can be a Loan Servicing Account with Ulster Bank.

The Ulster Bank Loan Servicing Account will be for operational purposes only and free of everyday transaction charges.

Apply for a Loan Servicing Account here

Apply for a business bank account

If you use your personal Ulster Bank account for business purposes and your business was established after 6 April 2019, you will need a Ulster Bank business bank account to facilitate your Bounce Back Loan. 

See our range of business bank accounts here

Has your business been affected by coronavirus (COVID-19)?

Apply for a Bounce Back Loan

Thank you for choosing our Bounce Back Loan. Remember:

  • Borrow from £2,000 up to £50,000
    (up to a maximum of 25% of your turnover)
  • Fixed 6 year loan term, with no early repayment fees if you wish to repay the loan early
  • Interest rate 2.5% fixed
  • A 12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term). However, you can choose to make repayments at any time
  • Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term
  • Personal guarantee is not required

 

Please start your application below.

Note that following your application, you will receive a link to complete and submit your documents online.

 

Accessibility: We're working hard to provide an accessible application option for our vulnerable customers. Please see our accessibility section for more information.

Unfortunately you're unlikely to qualify for a Bounce Back Loan

The Bounce Back Loan Scheme provides funding for businesses affected by coronavirus. 

You can still apply for one of our other loans. Please see our loans and finance options online.

Thank you for your interest

With unprecedented demand we are prioritising our existing customers and their Bounce Back Loan Scheme applications. You may be able to access support more quickly by contacting your current bank. 

If they are unable to assist, a list of accredited providers is also available on the British Business Bank website.

Thank you for understanding.

Do you have more questions about the Bounce Back Loan Scheme?

We're here to help. Visit our Frequently Asked Questions to find further guidance and support.

The Bounce Bank Loan Scheme (BBLS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).

Full details on BBLS and the list of participating lenders can be found on the British Business Bank website: www.british-business-bank.co.uk.

More support for your business needs

Loan repayment holiday to give your business a bit of breathing space

If you have a business loan with us, you can request a loan repayment holiday through your Relationship Manager or apply online.

Apply for a repayment holiday

Business overdraft can support your cashflow when you need it most

An arranged overdraft is a flexible, short-term safety net. Plus, we're waiving set up fees on overdrafts with limits up to £5,000.

More about business overdrafts

Coronavirus Business Interruption Loan Scheme (CBILS)

Loans from £50,001 to £5 million and no interest payments for 12 months for small businesses affected by coronavirus.

Read more about CBILS

Coronavirus support for your business

We understand these are difficult times, and if you're in need of a helping hand we're here to support you.

Find guidance and support on our coronavirus hub.