The Recovery Loan Scheme (RLS) has been extended for two more years

The Recovery Loan Scheme (RLS) was introduced in April 2021 by the government to assist businesses with finance which were hit by the pandemic. The RLS was due to end in June 2022, but on 20 July 2022 it was announced that it will be extended for two more years. The scheme will be re-opening for applications in August 2022.

The RLS can be used for any legitimate business purpose such as managing cashflow, investment and growth. If you have already taken a government loan in the any of the other schemes below, then the Recovery Loan Scheme is still available to your business, but the amount to borrow under the RLS may, in certain circumstances be limited.

• Bounce Back Loan Scheme (BBLs)
• Coronavirus Business Interruption Loan Scheme (CBILs)
• or the Coronavirus Large Business Interruption Loan Scheme (CLBILs)

However, there are other available options for your business, so speak to us to see if your business can benefit from:

• Working Capital Finance
• Commercial Mortgages
• Invoice Discounting
• Or other types of Commercial Finance

Get in touch with ASC to secure finance under the RLS or any other available option to you. We don’t work for the banks; we work for our clients, and we know how to make it happen for you.