Navigate the Recovery Loan Scheme to Rebuild and Grow Your Business
Secure Your Business Future with the Recovery Loan Scheme through Navigate Commercial Finance
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In response to the economic impact of the pandemic, the UK government introduced the Recovery Loan Scheme (RLS) to support businesses as they rebuild and grow. At Navigate Commercial Finance, we specialise in helping businesses understand and access this crucial funding solution to stabilise working capital and expand effectively.
Understanding the Recovery Loan Scheme:
The Recovery Loan Scheme is designed to help businesses of all sizes access loans and other kinds of finance so they can recover after the pandemic. Under the scheme, businesses can apply for loans up to £2 million per business group, with the government guaranteeing 70% of the finance to the lender. Here’s how the RLS can support your business:
- Versatile Financing Options: The scheme offers various types of finance including Term Loans, Overdrafts, Invoice Finance, and Asset Finance.
- Reduced Financial Strain: With the government backing a significant portion of the loan, lenders may be more willing to provide financing to businesses that were hit by the pandemic.
- Enhanced Cash Flow: Access to this funding can help manage cash flow, invest in new projects, and ensure business continuity.
Our Services for the Recovery Loan Scheme:
- Application Assistance: Much like another solution once we understand your business and borrowing requirements, we guide you through the RLS process and then introduce you to the right lender.
- Tailored Financial Guidance: Our experts provide personalised consultations to determine the most appropriate type of financing under RLS for your business needs.
- Post-Funding Support: After securing the loan, we continue to offer support with the aim of helping you to achieve your strategic aspirations.
The Navigate Commercial Finance Advantage
Deep Understanding of Government Schemes: We have a thorough knowledge of government loan schemes, including the RLS, ensuring you get accurate and up-to-date information.
Customised Financial Solutions: Our approach is tailored to meet your specific business requirements and challenges, offering solutions that truly fit your needs.
Quick and Efficient Process: We streamline the application to ensure you can access the necessary funds as quickly as possible.
Experts with 60+ years of Experience: With years of experience in commercial finance arena, our experts provide guidance and insights to help you choose the most suitable finance option and partner for your business.
With Navigate Commercial Finance, you’re not just applying for a loan; you’re setting the foundation for your business’s recovery and future growth. Contact us to learn more about how the Recovery Loan Scheme could benefit your business.
Take the Next Step
Is your business ready to take advantage of the Recovery Loan Scheme? Contact Navigate Commercial Finance today. Our team is ready to help you navigate this opportunity, ensuring you have the financial backing to succeed in the post-pandemic economy.
“I have known Paul for many years and he is a true professional. I have recommended Paul to several of my clients over the years and he has never failed to deliver. He makes sure he fully understands the needs of the business before making his recommendations and will always think outside the box when looking for solutions. Paul knows the commercial funding market very well and I would highly recommend Navigate to any business in need of raising working capital finance”
Andrew Jones
Cooper Parry
FAQs about the Recovery Loan Scheme
Q: Who is eligible for the Recovery Loan Scheme?
A: A UK business with a turnover of £45 million or less.
Q: Can I apply for the RLS if I’ve already received support from other pandemic-related schemes?
A: Yes, businesses that have taken out a CBILS, CLBILS, or BBLS loan are still eligible to apply for the RLS.
Q: What is the duration for which the support under RLS is available?
A: The length of the facility depends on the type of finance you apply for and will be:
up to 6 years for loans and Asset Finance facilities
up to 3 years for overdrafts and Invoice Finance facilities