Another Recovery Loan Scheme (RLS) funding deal done! ✅ Our finance broker - Luke Orlando, recently completed a RLS funding deal worth up to £250,000 for a leading civil engineering company based in the North East of the UK.
The client came to us with a requirement of £250,000 due to loss of £1million in 2020 and a continued loss of £20,000 during 2021. Luke and the team at Approved were able to accommodate the requested amount from the client with no personal guarantee payments. All documents were signed and the funds were available to the client within only 2 hours!
The new Recovery Loan Scheme (RLS) gives UK businesses ongoing access to finance as they continue to recover from the effects of the pandemic. The scheme can be used for any legitimate business purpose, including managing cash flow, investment and growth. It is designed to appeal to businesses that can afford to take out additional debt finance for these purposes. The benefits of the Recovery Loan Scheme are:
• Anything from £50,000 - £10million
• Up to 7-year agreement terms
• No direction guarantees (Up to £250k)
• No early settlement fees
• Available in addition to CBILS
Do you feel that your business could benefit from RLS Funding? If this is something you’re interested in or would like to discuss your options, then please do not hesitate to call us on 01908 429888, email firstname.lastname@example.org or visit https://www.approvedbusinessfinance.co.uk/recovery-loan-scheme
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