At a glance
The Recovery Loan Scheme is a government loan scheme that allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance or asset finance. It replaces the now closed. Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS).
Recovery Loans Scheme with Capitalise
Many business clients are eager to get back into the market post-Covid. But with the significant drops in revenue, cash flow and working capital over the pandemic, many clients will be cash-poor and in need of extra funds to kickstart their recovery and long-term prosperity.
RECOVERY LOAN SCHEME. Available from 6 April 2021 and open to UK trading businesses of all sizes. The scheme allows eligible businesses to access up to £10 million infinance. Meeting the eligibility criteria means showing that the business:
NOTE: businesses are eligible even if they have already taken out a loan under CBILS or BBLS.
The benefits of the Recovery Loan Scheme?
How does the recovery loan differ from CBILS?
What has stayed the same:
What is different?
When to talk to clients about Recovery Loan Scheme
If you have clients that are looking to strengthen their balance sheet and are in need of additional finance, Recovery Loan Scheme is an ideal route to extra funding.
Talk to clients when the business is:
How to apply for a Recovery Loan Scheme
Clients can apply for the scheme on the Capitalise platform. We are here to streamline the process for your clients and to bring you our wide-ranging network of banking and lending partners.
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