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New scheme to help businesses affected by Covid pandemic


BUSINESSES hit by the pandemic will be able to access a new loan scheme to help them grow and recover from the disruption they’ve faced over the past 12 months.
The Recovery Loan Scheme (RLS), announced by the Chancellor in his Spring Budget, aims to ensure businesses of any size can access the finance they need to get back on track.
The scheme starts on 6 April and runs until 31 December. It will replace the Bounce Back Loan Scheme (BBLS) and Coronavirus Busines Interruption Loan Scheme (CBILS), which close this week.
The RLS operates in a similar way to the previous schemes, with the government providing lenders with an 80 per cent guarantee for facilities ranging from £1,000 – £10m, up to a maximum of six years. ....

Armstrong Watson , Stephen Dinsmore , National Association For Commercial Finance Brokers , Bounce Back Loan Scheme , Coronavirus Busines Interruption Loan Scheme , National Association , Commercial Finance Brokers , Corporate Finance Manager , ஆம்ஸ்ட்ராங் வாட்சன் , ஸ்டீபன் டின்ஸ்மோர் , தேசிய சங்கம் க்கு வணிகரீதியானது நிதி தரகர்கள் , பவுன்ஸ் மீண்டும் கடன் திட்டம் , தேசிய சங்கம் , வணிகரீதியானது நிதி தரகர்கள் , பெருநிறுவன நிதி மேலாளர் ,

COLUMN: New loans for businesses hit by pandemic


By Stephen Dinsmore, Corporate Finance Manager, Armstrong Watson
BUSINESSES hit by the pandemic will be able to access a new loan scheme to help them grow and recover from the disruption they’ve faced over the past 12 months.
The Recovery Loan Scheme (RLS), announced by the Chancellor in his Spring Budget, aims to ensure businesses of any size can access the finance they need to get back on track.
The scheme starts on April 6 and runs until December 31. It will replace the Bounce Back Loan Scheme (BBLS) and Coronavirus Busines Interruption Loan Scheme (CBILS), which close this week. The RLS operates in a similar way to the previous schemes, with the Government providing lenders with an 80 per cent guarantee for facilities ranging from £1,000 - £10 million, up to a maximum of six years. ....

Stephen Dinsmore , National Association For Commercial Finance Brokers , Recovery Loan Scheme , Spring Budget , Bounce Back Loan Scheme , Coronavirus Busines Interruption Loan Scheme , National Association , Commercial Finance Brokers , ஸ்டீபன் டின்ஸ்மோர் , தேசிய சங்கம் க்கு வணிகரீதியானது நிதி தரகர்கள் , மீட்பு கடன் திட்டம் , வசந்த பட்ஜெட் , பவுன்ஸ் மீண்டும் கடன் திட்டம் , தேசிய சங்கம் , வணிகரீதியானது நிதி தரகர்கள் ,