What is the recovery loan scheme?
A loan available to a wide range of businesses who have been impacted by Covid-19. It is available to businesses of all sizes to assist with recovery after the pandemic. This loan can assist with cashflow, the growth of your business or investment. The scheme has now been extended to 30th June 2022.
Who is Eligible?
All UK businesses who have been trading for at least two years, have less that 250 employees and have been impacted by Covid-19 in some way.
Which lenders are offering this scheme?
Funding Circle, Iwoca, Fleximize, Nucleus, White Oak and many more
What are the benefits of this loan?
- Up to £10million per business
- No personal guarantees needed for loans under £250,000
- Government backed guarantee
- Available for overdraft payments, asset finance or even invoice finance
Give us a call today to discuss the Recovery Loan Scheme!
