Check our product pages for more information on the deadlines and what you need to do to apply in time. You can find impartial information and guidance on money matters on the “Money advice service” website.Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more. Yorkshire Bank is part of Clydesdale Bank plc, it mostly operates in the North of England. Cash transaction limit of £250,000 p/a. Interest will be applied after the 12 months interest free period at a fixed rate of 2.5% and will apply for the remaining period of the loan, Further information can be found online on Managing Your Complaints, You can also download a copy of our Complaint Handling PDF. You are able to switch your Business Current Account to another provider while retaining your business loan with Yorkshire Bank. The Bounce Back Loan Scheme has been designed to help small and medium-sized businesses impacted by coronavirus access funding quickly. Your increased, total Bounce Back Loan value would be. The Bounce Back Loans Scheme is designed to keep businesses running during the pandemic and has so far helped more than 920,000 small firms, the Treasury spokesman said. There’s nothing you need to do – we’ll take care of it all. You can apply online in 15 minutes, and, if approved, you could potentially receive the funds within 2 hours. We will provide each borrower with the following information in relation to their loan during the term of the loan. Unlock your cash flow potential. Although most of our customers are happy with the service, they receive from us, we know that sometimes we don’t get it right first time. A fee-free loan servicing account is not a Business Current Account. The minimum is £1,000 and the maximum is £48,000 (or less, depending on your annual turnover). The latest way we’re supporting UK businesses through these challenging times. Your account and login details will remain the same and you’ll still be able to login using the link on the Yorkshire Bank website. The Bounce Back Loan interest rate of 2.5% will apply to the extra amount you borrow. 10 November 2020 Bounce Back Loan … The Bounce Back Loan scheme is the latest step in a package of world-leading support measures launched by Chancellor Rishi Sunak – with £7.5 billion already awarded in business grants, 4 million jobs supported through the job retention scheme and generous tax deferrals supporting hundreds of thousands of firms. I got a Bounce Back Loan in order to upgrade the van etc. Qualifying criteria applies. The Bounce Back Loan Scheme has been designed to help small and medium-sized businesses impacted by coronavirus access funding quickly. You can 'top up' your bounce back loan. Where we identify a borrower as vulnerable or have reason to believe that a borrower may be vulnerable, appropriate adjustments may be made to ensure that the borrower’s circumstances are accommodated throughout the duration of the loan. The British Business Bank has approved three new lenders in Allied Irish Bank, the Co-operative Bank and Starling Bank for its Bounce Bank Loan (BBL) scheme.  >  Hi, I received a BBL from Yorkshire Bank but want to close my account as I've just started paying monthly bank charges and as my transactions are few and far between (partly because my work is seasonal and partly due to lockdown) I want to move my business to a personal account. We’ll be back in touch when the new service is ready to use. [ November 4, 2020 ] British Business Bank – Do Not Mess Up Bounce Back Loan Top-Ups Bounce Back Loan News Archive [ November 3, 2020 ] Bounce ... Update on my Yorkshire Bank saga. [ December 10, 2020 ] Silence from the British Business Bank on Top-Ups and Bounce Back Loans Bounce Back Loan News Archive [ December 9, 2020 ] Bounce Back Loan Scheme: Guidance for Firms on Use of Pay as You Grow Options ... Long Delays with Yorkshire Bank BBL Is it time to ban Christmas presents? Interest will be paid on the first business day of the month regardless of when the capital instalments are paid. You are able to use another provider to manage your business banking while retaining your business loan with Yorkshire Bank. British Business Bank plc is a development bank wholly owned by HM Government. Mortgages, credit cards, loans, payday loans, car finance and more. The latest way we’re supporting UK businesses through these challenging times. We understand you might be worried about the financial impact of coronavirus on your business and we’re here to help. This should be the annual turnover you told us about when you applied for your original Bounce Back Loan. If you need to contact us, you can still get in touch using the normal contact information. We’re offering Bounce Back Loans, Coronavirus Business Interruption Loans and Large Business Interruption Loans. Anyone had communication or the bounce back loan accepted by Yorkshire or Clydesdale Bank? Please note we are only accepting Business Current Account applications from existing Yorkshire Bank customers or new customers with a business established on or after 2nd March 2020. Unfortunately, the total value of your original Bounce Back Loan and the Top Up you’d like exceeds the maximum available through this Scheme, which is the lower of 25% of your annual turnover or £50,000. ... has anyone received a Bounce Back loan and other banks have processed the form! On Managing your complaints, you can apply may mean state Aid rules to... 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