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Money worries

If you find yourself in financial difficulties, our specialist teams can work with you to find solutions that can support you through any period of uncertainty.

Cost of living crisis

If your business is affected by the rising cost of living, we have some help available depending on your circumstances, including:

  • Overdrafts (subject to status) 14.44% EAR* representative based on assumed amount of £7,000 over 12 months: an overdraft or an increase to an existing overdraft limit, could help you manage your cashflow in the short term
  • Term loans* (subject to status) 9.9% APR representative (fixed). Based on an assumed loan amount of £13,000 over 60 months at the AIR of 9.06% p.a (fixed). Arrangement Fee £250. Monthly repayment £273.12. Total amount payable £16,387.38:
    • We have a range of supporting features, including repayment holidays for new loans (security may be required). When taking a repayment holiday, you’ll pay more interest over the length of your term
    • If you have an existing loan and are worried about meeting payments, get in touch to find out what support is available
  • If your business is in financial difficulty, we can offer additional support, please call us today to talk about your options

Bounce Back Loan (BBL)

  • If you miss a repayment on your Bounce Back Loan we’ll let you know the amount you missed, how to remedy it, and when you need to make your next payment by. We’ll also let you know how it could affect your future repayments
  • If you default on your BBL, we’ll tell you about any action we might take before we take it
  • We’ll provide you with options for help and assistance, including sources of free independent advice

We will also:

  • Monitor the repayments you make during the life of your BBL and offer help if it looks like you may have difficulty repaying
  • If we believe you’re vulnerable, we may make adjustments to ensure that your circumstances are accommodated throughout the duration of your BBL
  • Give you time to repay any missed payments on your BLL. We won’t treat a BBL default as a default, if you make the repayments within the timeframe we give you
  • Not charge any fees in relation to your Bounce Back Loan, including on default charges or interest. If you loan isn’t repaid when it’s due, we’ll charge interest at 2.5% per until your loan is fully repaid
  • If you miss your BBL repayments, TSB may repay any outstanding debt from your other accounts with us. Defaulting on your loan could negatively affect your credit score and make it more difficult for you to borrow in the future

Breathing Space Scheme

Breathing Space, officially called the Debt Respite Scheme, is a government scheme which could help relieve some of the pressure and stress caused by being in debt.

You could get up to 60 days’ respite from interest, fees and court action to give you time to deal with your debt. Visit Breathing Space. Debt Respite Scheme Advice. StepChange for more information.

Independent Money Advice Organisations

These organisations offer free, independent money advice:


Advice UK

Debt Action NI | Minding Your Head

Citizens Advice

Citizens Advice Scotland

Money Advice Scotland

Business Debtline

StepChange Debt Charity

Insolvency Support

If you think your business is, or is about to become, insolvent, you should seek independent professional help.

Government advice about insolvency

Companies House gives a basic overview of insolvency proceedings, and summarises some of the rules that apply to the process.

The Insolvency Service is a government agency that could also offer support to your company if you're dealing with liquidation and insolvency.

Get in touch

Lines are open 24/7 and advisers are available 8am-6pm Monday to Friday and 9am-2pm Saturdays.