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Overview of the Recovery Loan Scheme (RLS)

No personal guarantees required in connection with loans of less than £300,000.

Existing business assets may be taken to secure a Recovery Loan Scheme facility.

There is no fee required for the Government guarantee.

The Recovery Loan Scheme is open to existing and new customers.

The scheme launched on 6th April 2021 and is open until 31st December 2021, subject to review.

A Government guarantee which secures bank loans to any viable business with a sound borrowing proposal.

The RLS can be used where you would either:

 

Not have been prepared to offer a Commercial Facility for the same amount on similar terms; or would only have been prepared to offer a Commercial Facility on similar terms at a higher price.

 

If you require any additional information please do not hesitate to contact us however your business bank manager

Will have all the information applicable to your business

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MPH Accountants

We offer a friendly and professional service to our clients. Our client base is wide and varied ranging from small one-man bands to large limited companies, and our business principle is the same in that each client, no matter what size, has their own individual requirements.

Whitstable - 01227 277 667
Thanet - 01843 230 256
Purslea - 01547 578 222
Email: admin@mphaccountants.co.uk