Fuel Your Business Growth with the Recovery Loan Scheme (RLS)!
Navigating the tides of business can be challenging, and securing the right funding is essential to ensure stability and growth.
At The Funding Store, we’re proud to support UK businesses by offering information and access to the government-supported Recovery Loan Scheme.
The Recovery Loan Scheme (RLS) is a UK government initiative aimed at bolstering financial access for businesses seeking to expand and flourish.
This program facilitates lending amounts of up to £2 million for businesses not covered by the Northern Ireland Protocol.
Enterprises are at liberty to utilise these funds for any credible business-related aim, encompassing cash management, scaling, and investment.
But, it’s essential that they possess the financial capacity to incur further debt for these reasons.
The British Business Bank oversees and implements this scheme under the directive of the Secretary of State for Business and Trade.
Why Consider RLS?
Invest in Growth: Backed by the British Business Bank, RLS caters to businesses aiming to expand and flourish, providing finance options up to £2 million.
Flexible Options: Whether you need term loans, overdrafts, asset finance, or invoice finance, RLS has a diverse range of products with varying term lengths.
Trustworthy Support: RLS is a government-endorsed initiative, guaranteeing 70% of the loan amount, while still ensuring borrowers remain fully liable.
Tailored Approach: Lenders make their decisions after thorough credit and fraud checks, ensuring the safety and viability of the funding.
Key features include: