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Business Lending Form

Bounce Back Loan Scheme

Use of personal information

  • The information you provide will be used to assess your application and set up and manage your loan.
  • We will share your information with credit reference agencies - these agencies will use the information for assessing credit applications, debt tracing and prevention of money laundering. Your application may appear on the records these agencies have for you and that could impact your ability to obtain credit in future.
  • If false or inaccurate information is provided and fraud identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering.

A full description of how and for what purpose your information may be processed, plus further details of how your information is held by fraud prevention agencies, can be viewed in our Use of Personal Information statement within our Clydesdale Bank Fair Processing Notice (opens in a new window).


Has your business been adversely impacted by Covid-19?*

If you answer no to this question, your business is not eligible for a Bounce Back Loan.


Eligibility
Was your business already insolvent or otherwise a business in difficulty [1] on 31 December 2019?*

If you selected yes, please also complete the State Aid form at the end of this application.

(Guidance: If you are unsure whether your business was in difficulty, please complete the 'Business in Difficulty' questionnaire (opens in a new window) which will help you to answer this question.)"

[1] As defined by EU Regulation 651/2014 (opens in a new window), a business is considered in a difficulty if it met any one of the following criteria on 31 December 2019:

  • a) Individuals or companies that have entered into collective insolvency proceedings;
  • b) Limited companies which have accumulated losses greater than half of their share capital in their last annual accounts (this does not apply to SMEs* less than 3 years old);
  • c) Partnerships, limited partnerships or unlimited liability companies which have accumulated losses greater than half of their capital in their latest annual accounts (this does not apply to SMEs less than 3 years old);
  • d) Where the undertaking has received rescue aid and has not yet reimbursed the loan or terminated the guarantee, or has received restructuring aid and is still subject to a restructuring plan;
  • e) A company which is not an SME where, for each of the last two accounting years: i) your book debt to equity ratio has been greater than 7.5; and ii) your EBITDA interest coverage ratio has been below 1.0

* SMEs are defined as a business with less than 250 employees and either (a) a turnover of less than £44.45m or (b) a balance sheet of less than £38.22m

Are you an existing Clydesdale Bank business customer*