Recovery Loan Scheme
The RLS provides financial support to businesses affected by the COVID-19 pandemic. The scheme gives lenders a guarantee of 80% on eligible loans between £25,000 and £10 million to give them confidence in continuing to provide finance to UK businesses. The RLS is open to all businesses, including those who have already received support under the existing COVID-19 guaranteed loan schemes.
The RLS is initially available through a handful of lenders accredited by the British Business Bank. More information can be found here.