The Recovery Loan Scheme – RLS

The Recovery Loan Scheme – RLS provides financial support to businesses across the UK as they recover and grow following the Coronavirus pandemic.

You can apply to the scheme if COVID-19 has affected your business. You can use the finance for any legitimate business purpose – including managing cashflow, investment and growth. However, you must be able to afford to take out additional finance for these purposes. As the borrower, you are always 100% liable for the debt.

If your business has already borrowed from any of the other Coronavirus loan schemes – namely:

• the Bounce Back Loan Scheme (BBLS)
• the Coronavirus Business Interruption Loan Scheme (CBILS)
• the Coronavirus Large Business Interruption Loan Scheme (CLBILS)

RLS is still open to you, although the amount you have borrowed under an existing scheme may in certain circumstances limit the amount you may borrow under RLS.

Further information can be found on our website: https://independentbusinessfinance.co.uk/recovery-loan-scheme/

For all enquiries, advice and guidance, or just to simply chat through your business circumstances, contact our office: 01204 398816.

Our team are here and continue to help and support UK business owners, so if you’re looking for expert advice get in touch today!

Ian, Kelly, Gavin and Anthony – Independent Business Finance Team! 😊