Our finance broker - Jamie Bridson, recently completed a Recovery Loan Scheme (RLS) funding deal worth up to £250,000 for a UK leading critical engineering system manufacturer who specialises in aerospace, oil, gas, and marine markets worldwide. The RLS facility consisted of six-month interest-only payments with an 8.9% interest rate.
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 email@example.com or visit https://lnkd.in/db-fVB_J