The Recovery Loan Scheme is to help businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period.

Up to £10 million is available per business. The actual amount offered and the terms are at the discretion of participating lenders.

The government guarantees 80% of the finance to the lender. As the borrower, you are always liable for 100% 0f the debt.

This is a reminder that the scheme is open until 31 December 2021, subject to review.

Visit the gov.uk website for more information, here.

If you require assistance or have any questions about a loan scheme application, please get in touch.