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Bounce Back Loan Scheme Top Up

Opportunity to Top Up your existing Yorkshire Bank Bounce Back Loan

This scheme is now closed. Have a look at our coronavirus support hub to find out more about the support that’s currently available.

What is a Bounce Back Loan Scheme Top Up?

A Bounce Back Loan Scheme Top Up is designed to give eligible customers the opportunity to increase their existing Bounce Back Loan.

  • You can increase your loan to up to 25% of the annual turnover you told us about when you applied for your Bounce Back Loan or £50,000, whichever value is lower.

If you choose to Top Up your Bounce Back Loan, you aren’t applying for a new product – just increasing the Bounce Back Loan you already have. This means that:

  1. The Bounce Back Loan interest rate of 2.5% will apply to the extra amount you borrow
  2. The Government will cover the interest on your Top Up until the interest free period on your original Bounce Back Loan ends. This means the interest free period on the Top Up will vary depending on when you received your Bounce Back Loan.
  3. Repayments for your topped up Bounce Back Loan will start 12 months after you received the Bounce Back Loan originally
  4. Since you’re borrowing more through your Bounce Back Loan, your repayment instalments will increase and you’ll pay more interest
  5. The term of your original Bounce Back Loan will not change if you add a Top Up

Who can apply for a Yorkshire Bank Bounce Back Loan Top Up?

  • Customers with an existing Yorkshire Bank Bounce Back Loan who originally borrowed less than the maximum amount available to them
  • Customers who have not already applied for a Top Up
  • Customers who are not bankrupt, are not in debt restructuring proceedings, are not in liquidation or administration, and who have not taken any step to commence dissolution.
  • State Aid rules apply to Bounce Back Loans so your circumstances may mean State Aid rules limit what you can borrow. This is explained in the application process.

Repaying your Bounce Back Loan

Interest will be applied on the increased, full amount of the loan after the 12 months interest free period on your original Bounce Back Loan ends and a fixed rate of 2.5% will apply for the remaining period of the loan.

  • Monthly repayments on the increased full amount of the loan will begin in the 13th month after your original Bounce Back loan drew down. You will make 59 equal capital instalment payments to us and one final payment at the end.
  • Your total monthly repayments to us will be made up of both the capital instalment and the interest. You will see two payments leave your account each month.
  • Interest will be paid on the first business day of the month regardless of when the capital instalments are paid.
  • Your last capital instalment will be made 72 months after drawdown unless you decide to repay your loan earlier or through use of the ‘Pay As You Grow’ options outlined within 'Repayment information for existing Bounce Back Loans', you have received an extension on the term of your loan. There are no charges associated with early repayment.

British Business Bank

Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit

Coronavirus support: FAQs for businesses

We understand you might be worried about the financial impact of coronavirus on your business and we’re here to help.

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