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What is the Government’s Recovery Loan Scheme?

CBILS loans

The Government’s Recovery Loan Scheme (RLS) was launched in April 2021 to help UK businesses access finance as they recover and grow following the COVID-19 pandemic. The scheme aimed to help businesses affected by coronavirus and was used for almost any business purpose.

Businesses who had taken out a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) or Bounce Back Loan Scheme (BBLS) facility were able to access the new scheme.

The scheme ran until 31 December 2021. It was designed to help businesses during the covid pandemic and is no longer available.

We have many loan options for businesses, including small and large. Visit our home page to find out more. Alternatively, give our friendly commercial finance specialists a call on 0800 066 2882.

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