Extension of Recovery Loan Scheme

• 11th Aug 2022

The British Business Bank has published details of the two-year extension of the Recovery Loan Scheme to 2024. Up to £2 million per business will be available through a range of loans, overdrafts, and asset and invoice finance. Unlike previously, most borrowers will not be required to confirm they have been affected by Covid-19 to be eligible for finance. The scheme will be open to small and medium-sized businesses with a turnover of up to £45 million.
Read the full article at:
https://www.british-business-bank.co.uk/press-release/details-released-today-of-a-new-iteration-of-the-recovery-loan-scheme-aimed-at-helping-businesses-access-the-finance-they-need-to-invest-and-grow/