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Government, Loans

The Recovery Loan Scheme (RLS) is ending – What other options are available?

The Recovery Loan Scheme was introduced by the government to assist businesses with loans during and after the pandemic. The Recovery Loan Scheme is due to end in June 2022 and some lenders are announcing that they will be closing to new applications. There is still time to secure finance under the RLS, and ASC can help.

Fear not though, as there are other available options for your business, even after the Recovery Loan Scheme closes for good. Speak to us to see if your business can benefit from:

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

The Recovery Loan Scheme 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 such as:

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

Then, the Recovery Loan Scheme is still available to your business, but the amount to borrow under the RLS may, in certain circumstances, be limitedGet 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.

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