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Why is my BBLS loan offer different to what I requested in my application?

Under BBLS, loan terms are fixed at 6 years, so if you requested different terms than this, your loan term will always end up being 6 years.

Under British Business Bank BBLS guidelines, the amount businesses can borrow is capped at 25% of their last year's turnover, up to a maximum of £50,000, so if you applied for more than 25% of your annual turnover, your loan offer amount may be lower than you were expecting.

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