Government backed lending schemes
Bounce Back Loan Scheme (BBLS)
We are only accepting new Bounce Back Loan Scheme applications if you are:
- An existing TSB Business (BCA) or Personal Current Account (PCA) customer, and
- Your TSB account was open by 11 May 2020, and
- You were using the account for your day-to-day business banking needs and you meet the scheme eligibility criteria explained on the Bounce Back Loan Scheme page.
Eligible PCA customers need to apply for a TSB BCA before applying for a Bounce Back Loan.
The scheme will close to applications on 31 March 2021.
If you are applying for a TSB Business Current Account only
We are receiving high volumes of applications at the moment, so it’s taking us longer than usual to process them. If you’ve applied recently, we are working through applications as quickly as possible and will be in touch as soon as we can.
If you are applying for support through the Bounce Bank Loan Scheme
You can only receive one Bounce Back Loan for your business. So if you have already applied for a Bounce Back Loan from us or another lender, or have already received a Bounce Back Loan, we are unable to accept your Bounce Back Loan application. If your business is part of a group, only one loan is allowed per group. Two or more businesses under common ownership or control (including by the same individual or group of individuals) are considered to be a group.
See our Bounce Back Loan Scheme page for more information, including the scheme’s eligibility criteria.
Guidance for TSB Personal Banking customers running businesses
We understand that some smaller businesses may have been using their TSB Personal Current Account for business trade. If your business is eligible to apply for a Bounce Back Loan and you’ve been using a TSB Personal Current Account until now, you will need to apply for a TSB Business Current Account (BCA) before applying for a Bounce Back Loan. When you apply for a BCA we will ask you for your 2018-2019 tax return or additional documents, so please have that ready. You can find out more about our TSB Business Current Account below.
If you did not have a TSB Business Current Account on 1 March 2020, we will need to see additional documents to show your business was trading before then. This could be business transactions in your TSB Personal Current Account or additional documents. We’ll let you know if we need this.
Coronavirus Business Interruption Loan Scheme (CBILS)
To apply for a Coronavirus Business Interruption Loan Scheme (CBILS) Overdraft you must already have a TSB Business Current Account (opened before 23 March 2020) to be able to apply. CBILS will close to applications on 31 March 2021.
To find out more, including conditions on these schemes visit our Coronavirus Support page.
If you don’t bank with TSB please speak to your existing bank about the government backed lending support available. There is a range of support available for businesses which can be found on the government’s website.