Check Your Eligibility

INTRODUCING…

RECOVERY LOAN SCHEME

ABOUT RECOVERY LOAN:  

  • Finance from £1,000 to £10million
  • No personal guarantee required up to £250,000 
  • Loan Terms up to 6 years
  • No minimum trading time requirements
  • No minimum turnover requirements
  • Funds can be used for any legitimate business need
  • Businesses who have previously received CBILS or Bounce Back Loan are still eligible
  • The government is guaranteeing 80% of agreed finance for lenders

The borrower is responsible for 100% of the loan amount.

YOUR BUSINESS MUST:  

  • Be UK-based in its business activity
  • Have a borrowing proposal which the lender would consider viable, were it not for the current pandemic
  • Self-certify that it has been adversely impacted by COVID-19
  • Not subject to insolvency proceedings
  • Businesses who have taken out a CBILS or Bounce Back Loan will be able to access the scheme

Disclaimer: We do not have direct control on acceptance for interruption loans. The decision is made by the lender.

The borrower is responsible for 100% of the loan amount.

 

APPLICATION PROCESS:  


CALL 01604 761 276 TO DISCUSS YOUR FINANCE OPTIONS  

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Recovery Loan Scheme

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Helping UK businesses grow

FUNDED SINCE EST
Portman Asset Finance