Recovery Loan Scheme
Recovery Loan Scheme update – scheme extended to 30 June 2022
With our recovery loans- you can:
- Borrow what you need – our RLS loans go up to £750,000 – we’ll assess a business up to 25% of yout 2019 turnover or twice your 2019 wage bill
- Treat it like a top up – if you borrowed on one of the other government loan schemes with another lender (like CBILS, BBLS or CLBILS), you could still be eligible for RLS.
- Spread the costs – These loans last five years, but if you want to settle up sooner, great, we don’t charge a fee for repaying early.
Further eligibility criteria can be found here
UK Government guidance can also be found at here
Established in 1999, we have many years of expertise arranging unsecured Practice Finance with a quick turnaround. Therefore, as a result, allowing you to concentrate on your business while we source your finance needs.
Firstly, we are a knowledgeable and experienced team. Secondly, we have a proven track record for giving a personal service and getting results when assisting professions with their funding requirements. Most importantly, we will find the very best finance solution and loan terms.
In conclusion, our years of experience have enabled us to develop excellent working relationships with a wide range of specialist lenders. In short, we offer better rates to help support and grow your practice.
Talk to a member of our team today for more information about a Practice Loan or other funding solution.
Contact Synergy Professions today on enquiries@synergyprofessions.com or 0333 242 2900 to see how we can support your growth ambitions.