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      Apply for the Recovery Loan Scheme

      Access the finance you need to get back on your feet.

      Borrow from £10,000 to £2million

      Terms up to 6 years

      Fast decisions available

      What is the Recovery Loan Scheme?

      The Recovery Loan Scheme – sometimes shortened to RLS – is an initiative launched by the UK government to help companies access the funding they need to recover and grow after the Covid-19 pandemic.

      Now in its third iteration, the RLS has provided a financial lifeline for thousands of businesses affected by the disruption caused by lockdowns and other trading restrictions. The scheme covers all sorts of financial products, including business loans, asset finance, and invoice finance – so really does provide options businesses of most sizes, in most situations.

      Recovery Loans

      How can you apply for the RLS?

      Eligibility varies from lender to lender, and filling out the paperwork for your Recovery Loan Scheme application can seem like a daunting process.

      Our expert business finance brokers are here to help you navigate everything that's on offer and secure a deal that provides you with suitable funding, on appropriate terms.

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      We will deal with the chosen lender throughout the process to get the deal over the line.


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      We will find you the finance you need to succeed...

      Are you eligible for the RLS?

      The funding secured through the scheme can be used for any purpose, from supporting cash flow through to refinancing debt from another lender. However, there are a few boxes you'll need to tick if you want to apply for the Recovery Loan Scheme.

      You must:

      • Have been trading for a minimum of 2 years to access business loans
      • Have been trading for a minimum of 1 year to access asset finance
      • Have explored traditional lending opportunities prior to investigating the RLS
      • Generate more than 50% of your turnover from trading, not investments
      • Use the funding for trading in the UK
      • Borrow in line with existing subsidy limits
      • Not be in the middle of insolvency proceedings

      You can:

      • Apply for the Recovery Loan Scheme without having to self-certify that your business was affected by Covid-19
      • Turn over any amount (although lender criteria will still apply
      • Use personal guarantees at your lender's discretion
      • Use the RLS if you have already taken advantage of existing CBILS and/or Bounce Back Loan facilities

      We will find you the finance you need to succeed...

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