The Enterprise Finance Guarantee Scheme has been replaced by the Recovery Loan Scheme (RLS) from 6 April, 2021 to provide financial support to business across the UK from the economic effects of the pandemic.
Businesses can apply to the RLS if Covid-19 has affected your business. The finance can be used for any legitimate business purpose such as managing cashflow, investment and growth.
If your business has already taken a loan from another Covid-19 loan scheme such as the Bounce Back Loan Scheme (BBLs), Coronavirus Business Interruption Loan Scheme (CBILs) or the Coronavirus Large Business Interruption Loan Scheme (CLBILs), the Recovery Loan Scheme is still available to your business but the amount to borrow under the RLS may in certain circumstances be limited.
At the Autumn Budget 2021, the UK Government announced that the Recovery Loan Scheme will be valid for a further six months, until 30 June 2022.
We know what lenders are looking for from businesses applying for finance through the RLS. We can help you tailor your application to the right lenders in the right way to maximise your chances of success.
Your local ASC director knows the lenders in your area. They can help you navigate through the various hoops which your business will have to jump through in order to secure finance for your business through the RLS. With the help of ASC, your business can get the finance they need to develop and make themselves attractive to lenders across the spectrum.
So, if you want to make your finance journey faster, simpler, better – there’s just two things you need to do:
1. Get in touch with us.
Your initial consultation is free and without obligation.
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2. Let us do the hard work.
We’ll handle the finance, so you can focus on what really matters – your business!