Recovery Loan Scheme

Does your business need quick, unsecured funding as part of its recovery plan from Coronavirus?

The Recovery Loan Scheme (RLS), which was launched by the government on 6th April 2021, is designed to help UK business access finance to aid recovery and promote growth following the Covid- 19 pandemic.

Whether you have continued trading throughout lockdown or have recently re-opened, this scheme could be the perfect answer to your current financial requirements.

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Will I qualify for the scheme?

The scheme is open to any UK limited company that has been impacted by coronavirus. The business must have been trading for at least two years. The loan is for business purposes (working capital or investment).

How long does it take?

It is very quick and easy to apply and, once approved, you will receive a personalised, no obligation quote. Once you have accepted, and after some final checks, the funds will be deposited directly into your bank account.

How much can I borrow?

Anything from £25,001 to £350,000

How much will it cost?

The interest rate depends on the amount you wish to borrow, your interest rate and the term of the loan. There is a one-off completion fee, and your interest rate will be based on your credit score and financials. There is no penalty if you want to settle early.

If you think that the RLS may be the answer to your funding requirements book an appointment with us here at Doodle Funding for a no-obligation consultation We’re here to help.

If you think the Recovery Loan Scheme may be the answer to your requirements book an appointment with us for a no-obligation consultation or apply online.

We’re here to help.

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