Recovery
Loan Scheme
Here 2 Help With – Recovery Loan Schemes
We are Here 2 Help with recovery loan schemes. We have access to multiple lenders that are offering the Recovery Loan Scheme. The Recovery Loan Scheme aims to provide business’s with government backed funding during the UK’s post-pandemic period.
Recovery Loan Scheme eligibility
- Turnover limit: The scheme will be open to smaller businesses with a turnover of up to £45 million.
- UK-based: The borrower must be carrying out trading activity in the UK.
- No Covid-19 impact test required: Unlike the previous iteration of the scheme.
- Business in difficulty: The borrower must not be a business in difficulty, including not being in collective insolvency proceedings.
Recovery Loan Scheme Details
Range of Financing Options: Our service facilitates access to a variety of financial products under the RLS, including term loans, overdrafts, invoice finance, and asset finance. This range ensures that businesses can find the right type of funding to meet their specific needs.
Term length: Term loans and asset finance facilities are available from three months up to six years, with overdrafts and invoice finance available from three months up to three years.
Interest and Fees: Businesses benefit from competitive interest rates and fees, with the government guaranteeing 80% of the finance to the lender. While businesses are required to pay the interest payments and any fees associated with the loan from the outset, the terms are designed to be affordable to aid in recovery efforts.
How It Works
Initial Chat
Talk to our experts and explain your preferences.
We can provide you with a competitive quote that suits your needs and get all approved for you.
We can discuss your offer and take care of the rest for you.
Getting Started with Our Recovery Loan Scheme
To begin the process, businesses are encouraged to contact us directly via our website or phone. Our initial consultation will assess your eligibility and discuss how the Recovery Loan Scheme can be tailored to support your specific business recovery plans.
With our expert guidance, flexible financing options, and supportive application process, we are committed to helping you secure the funding necessary to stabilise and expand your business in challenging times.