Recovery Loan Scheme extended until 2024

The UK Government has just extended The Recovery Loan Scheme (RLS) until 2024. Easing the short-term pressure of rising costs and fuel their long-term growth plans.

Here’s what we know so far about the new scheme:

• Businesses can apply for up to £2 million in funding.
• Available as a term loan, overdraft, invoice finance and asset finance.
• Lenders can now take a Personal Guarantee for a facility of any size.
• Applications will start being accepted by lenders in August.

Please get in touch if you would like more details