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Businessman

Recovery Loan Scheme

What is it?

The Recovery Loan is the governments answer to Covid. It is a loan backed by the government designed to support businesses through the use of funding. It can be used in your business towards anything within the business such as: Cash Flow, Purchases or anything else.

Specifics

Normally you would have to Guarantee a Commercial Loan as a Business owner or Director, with the Recovery Loan the Government do this for you.

The government wants to support you in getting back on track, that is why they're removing the need for security up to £250,000.

Can i get it?

Yes, as long as your Business has been affected by Covid

Your Business does not have to be profitable, but viable going forward.

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Benefits

Businesses can apply for between £1,000 and up to £10 million

Up to 6 years to pay it back

Low interest Rates, No security

Get in touch!

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