Recovery Loan Scheme
The Recovery Loan Scheme aims to improve the terms on offer to borrowers, however, if we can offer a commercial loan on better terms, we will.
Term Loans of £25,001 to £2m for business groups, across terms of up to 6 years. Decisions are usually given c.48 hours from submitting all of the required information*.
Asset Finance for new and used machinery and other assets, with funding from £1,000 over (up to) 6 years. Once you receive an offer of finance, you have up to 6-months to take the facility up, if you wish to.
The Scheme aims to improve the funding terms on offer to businesses, however, if we can offer you a commercial loan on better terms, without requiring the guarantee provided by the RLS, we will.
*Except where the Northern Ireland Protocol applies, visit the Key Facts for further information.
The borrower always remains 100% liable for the debt.
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