Bounce Back, and forth – how the coronavirus loan scheme can help your firm

Helen Dickie
Helen DickieMD Law

Managing director of MD Law, Helen Dickie, discusses how the coronavirus Bounce Back Loan has helped her firm survive during the pandemic.

Lloyds Bank

I am the managing director of MD Law, based in Whitchurch in Cardiff.

I applied for the Bounce Back Loan (BBL) with my bank Lloyds the second day it was available. My relationship manager at Lloyds, Jonathan Cave, had kindly contacted me and advised of some helpful funding options available as the pandemic took hold. I had initially considered the Coronavirus Business Interruption Loan (CBIL), but held off applying because I did not want to rush into making any financial decisions. Of course, I was also mindful that any loan we took out has to be repaid.

Jonathan advised that with the BBL, there was no debenture, an appealing interest rate, and a deferment rate of 12 months, which was six months more than the CBIL. He was very helpful at a very stressful time.

I made the application the same day via the Lloyds website – it was unbelievably easy. I got the money in the bank the next day.

As an employer and law firm director, the BBL has given me peace of mind. The repayments are affordable, and Lloyds has been very supportive.

It’s given us the ability to focus on more work coming in. We are still very busy with property, family and private client work.

I am grateful as a small to medium-sized business owner for the financial support the government has provided to assist companies such as my own. I think the government has had a very challenging time in unprecedented times, but the BBL has certainly been of help to my practice.

Find out more about the Bounce Back Loan


Lloyds Bank sponsors the Law Management Section's Financial Benchmarking Survey, widely recognised as the annual financial health check for small to medium-sized firms. The survey is produced in association with Hazlewoods. The 2021 survey will be published in early 2021.

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