Recovery Loan Scheme (RLS)
The Recovery Loan Scheme (RLS) was announced by the Chancellor in the March 2021 Budget.
The RLS is the replacement for the previous CBILS product which finished on March 31st.
It is the next stage of Government backed lending as the UK looks to move out of lockdown in response to the unprecedented Covid-19 pandemic. The RLS runs for the rest of 2021.
Under the scheme eligible UK businesses can apply for supported loans & asset finance via accredited lenders.
To assist businesses affected by the pandemic the scheme offers the following:
Amounts from £25,000 - £350,000.
No Turnover limit.
Businesses can apply even where previous CBILS or Bounce Back support was taken.
No Directors or Personal Guarantees on amounts up to £250,000.
Terms form 2 - 6 years on Loans & Asset Finance
Our Applications are totally independent of any Bank applications.
The Asset Finance product also offers piece of mind that the facility as above is free from Directors Guarantees.
Here at Landmark Finance we offer straight forward access to the scheme for eligible businesses, advice is free and we guarantee a smooth process with clear and concise communication at every stage. Applications are open right up until the end of 2021.
The scheme operated via our accredited panel of funders is backed by The British Business Bank. A FAQ section providing an overview of can be accessed via this link.
To start the process or just to discuss the RLS product and how it could assist your business in these unprecedented times, please don't hesitate in contacting Landmark Finance on 0161 456 4242 or via this link