The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021.
RLS will run until 31st December 2021, subject to review.
If your business has already borrowed from any of the other coronavirus loan schemes – namely:
- Bounce Back Loan Scheme (BBLS)
- Coronavirus Business Interruption Loan Scheme (CBILS)
- Coronavirus Large Business Interruption Loan Scheme (CLBILS)
RLS is still open, although the amount borrowed under an existing scheme may in certain circumstances limit the amount you may borrow under RLS.
Types of Finance
A Lender can provide up to £10 million as one of the following facilities:
- Term loan
- Invoice Finance
- Asset Finance