RECOVERY LOAN SCHEME
Recovery loan scheme (RLS) has been announced by the government as a replacement for CBILS starting 6 April 2021. The new scheme aims to, as the name suggests, help the businesses recover from COVID. Funds can be utilised for managing cashflow, investments and growth purpose.
BENEFITS
Some of the key benefits and features of recovery loan scheme includes the following:
- Term loans or overdrafts of between £25,001 and £10 million per business
- Invoice or asset finance of between £1,000 and £10 million per business
- The maximum length of the facility depends on the type of finance you apply for and will be:
- up to 3 years for overdrafts and invoice finance facilities
- up to 6 years for loans and asset finance facilities
ELIGIBILITY CRITERION
- ✓ Business should be trading in the UK
- ✓ If your business would be viable were it not for the pandemic
- ✓ If business has been adversely impacted by the pandemic
- ✓ If business is not in collective insolvency proceedings
Say Hello !
APPLICATION PROCESS
An innovative funding product that was designed to serve the financial needs of the small and medium sector.
Apply in minutes and see funds in as little 48 hours
FREE tailored quotation with no obligation
Your information is safe and secure
BENEFITS
Some of the key benefits and features of recovery loan scheme includes the following:
Invoice or asset finance of between £1,000 and £10 million per business
Receive up to 95% of invoice value
The maximum length of the facility depends on the type of finance you apply for and will be:
up to 3 years for overdrafts and invoice finance facilities
up to 6 years for loans and asset finance facilities
ELIGIBILITY CRITERION
You will be allocated a relationship manager to assist you with any queries that you may have. We’ll assess your application & revert within 24 hours.
Business should be trading in the UK
If your business would be viable were it not for the pandemic
If business has been adversely impacted by the pandemic
If business is not in collective insolvency proceedings
WHY CHOOSE US ?
Fast & flexible
We can get you the funding you need in as little as 48 hours. We’ll also provide top-ups, repayment holidays and a flexible repayment term.
No Hidden Fees
We don’t believe in hidden fees. If you apply online there are no set-up, application or arrangement fees. You’ll know exactly what you’re paying upfront.
Repay's Early
We won’t penalize you for growing faster than expected. On average, our customers save 44% on interest by repaying early.
Personal Service
We’ve been rated ‘excellent’ by our customers on Trust pilot. In fact, businesses we work with love us so much that two thirds come back for more funding.
Does my business qualify?
Company based in the UK.
Trading for a minimum of 4 months.
Limited, partnership and sole traders accepted.
Turnover at least £100,000 per annum.
GET IN TOUCH
CALL US
Feel free to call us on 01322 464780,
Monday – Friday, 8am – 7pm
DROP A LINE
Drop us a line at
Info@nanosoftfinancialsolutions.co.uk,
and we’ll get back soon.
OUR CLIENTS SAY
Our most important partners are our clients
Nanosoft Financial solutions provide an efficient service, which is both simple and painless. They keep everything transparent from starting till end.
Mini Market
Amazing, excellent service…….as always. Highly recommended to business owners.
Medway Off licence
We recently used Nanosoft Financial Solutions to help us in gaining funding from our merchant card machines. They were fab !!!
St food and wine
Excellent service from Lavil. This is the 2nd time we have used Nanosoft Financial solutions and hassle free. We deal directly with Lavil and so good to have a person not a machine to deal with.