In the past few weeks, the UK has taken more positive steps to overcome the challenges that the COVID pandemic bought. In business terms, many companies have welcomed staff back and offices are beginning to open. Business owners are now thinking about what needs to happen to make sure the next 12 to 18 months are as profitable as possible. Many will be exploring the potential of boosting cashflow through a business recovery loan.
A business recovery loan is incredibly diverse and can be sourced for a multiple of uses. A business might need to increase its number of staff, invest in new machinery, or require an overdraft facility or an invoice finance line. There are currently finance deals available at incredibly low rates. By approaching NGI we can listen to your needs and then match you with the right lending facility.
Something very topical at the moment is the Recovery Loan Scheme (RLS). A Government initiative that replaces CBILS and BBLS but is available to support any business that has been impacted by COVID-19. It is open to any type of busines and funding up to £10 million can be applied for over a 6-year term.
If you would like to discuss your options in regard to a business recovery loan, then our team are available to help. Feel free to call us on 01993 706403 or e-mail firstname.lastname@example.org.