Over 69,000 loans approved in the first day of the Bounce Back Loan Scheme
Industry News | 06/05/20
More than 69,000 Bounce Back Loans worth over £2 billion have been approved during the first 24 hours of the scheme, the Chancellor has announced. The seven largest lenders (Barclays, Danske, HSBC, Lloyds, RBS, Santander and Virgin Money) received more than 130,000 Bounce Back Loan Scheme applications on the first day of the scheme (4 May). Over 69,000 of these have been approved on the first day, and lenders are working hard to process and approve the rest as quickly as possible.