Businesses are now able to access a ‘top-up’ to an 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 Bounce Back Loan lender.

What are the key features of the top-up scheme?

  • One top-up per borrower, from their existing lender;
  • The minimum top-up amount is £1,000; and
  • The capital repayment holiday runs for 12 months from the initial drawdown date of the original Bounce Back Loan.

What is the value of the top-up?

The size of the top-up facility will vary between businesses, as it is dependent on the turnover amount certified in the original loan application and relative size of the original loan.

  • A borrower can apply for a top-up that is the lesser of £50k or 25% of the annual turnover that was certified in the original Bounce Back Loan Scheme application;
  • Minus the value of the original Bounce Back Loan.


Certified turnover for the original loan:

Total amount available (25% of turnover):

Original Bounce Back Loan amount:

Maximum Bounce Back Loan top-up (total eligible amount, minus original loan amount):

How do you apply?