GOVT. BACKED - RECOVERY LOAN SCHEMES
At the Budget Mr Sunak announced the Government backed Recovery Loan Scheme, i.e. to launch on 6 April 2021. The new scheme aims to help businesses affected by Covid-19 and can be used for any legitimate business purpose, including managing cashflow, investment and growth. Up to £10m facility per business: Minimum facility sizes vary, starting at £1,000 for asset and invoice finance, and £25,001 for term loans and overdrafts. Wide range of products: Businesses will be able to