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Ltd Companies and Bounce Back loan

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By (user no longer on site) OP   
over a year ago

I own a ltd company. I want to shut this company down. I have a bounce back loan within the company. What happens this loan? I want to pay it back. But on the terms & conditions over the 6 years as agreed in the T&Cs.

Can this be done?

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By (user no longer on site)
over a year ago

Is it from the government? Maybe there's details on there?

Or try the Money Saving Expert website. He has lots of good advice on money matters.

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By *naswingdressWoman
over a year ago

Manchester (she/her)

Talk to an accountant or a lawyer. Do not get advice of this nature online, it could land you in hot water.

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By (user no longer on site)
over a year ago

If you haven’t personally guaranteed the bounce back loan (check banks T&Cs) you can shut the company down with any creditors and it’s written off but ensure you do it properly with an accountant or liquidator as it can cause problems if and when you open a new company and apply for credit

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