Recovery Loan Scheme – Launches 6th April 2021

6 April saw the launch of the Recovery Loan Scheme (RLS). Available until 31 December, subject to review, RLS provides a guarantee to lenders and covers a variety of products including term loans, overdrafts, asset finance and invoice finance, which companies of all sizes can access, regardless of their turnover. 

What’s more, businesses that have borrowed under CBILS, CLBILS or BBLS can also apply for RLS provided they meet eligibility criteria. To keep up to date on the opportunities available to your clients through RLS, simply create your free Swoop account. 

More information can be found here