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RLS

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Recovery Loan Scheme

RLS was launched on the 6th of April 2021, during the Coronavirus Pandemic. The RLS is the backbone of the UK economy that supports businesses to grow with various financial schemes.

 

During the pandemic, many businesses suffered heavy losses, but their way to financial recovery is through the provision of RLS.

What is RLS?

In the Budget on March 3rd, 2021, Chancellor Rishi Sunak announced the Recovery Loan Scheme (RLS), the Government’s latest debt finance programme. RLS was launched on April 5th 2021, and the programme was initially set to run until 31st December 2021. However, due to the ongoing need for funding, it’s been extended until June 30th 2022.

As was with the previous financial initiatives before RLS, the new scheme aims to flourish the businesses who were heavily impacted by the Covid-19 such that most of the businesses had depleted financial reserves by the year end. Through the RLS period, we aim to help these businesses to sustain themselves by achieving financial solvency.

Our lenders can provide up to £6 million on RLS

as one or a combination of the following facilities:

Business

Loans

Equipment

Finance

Equipment

Refinance

Invoice

Finance