If you already have a BBLS loan, you can now also apply for CBILS through Acorn.
If you have a BBLS loan already but have found you require more capital than previously anticipated, its now possible to refinance your Bounce Back Loan into a CBIL.
Businesses are not able to have both a BBLS and CBILS loan at the same time, therefore you will need to use the CBILS loan to settle the BBLS loan.
We would recommend you request enough funding to be able to settle this loan as well as any additional finance you may need.
Please also be aware that interest rates are also slightly higher on CBILS facilities than BBLS