Government-backed loans now available
We work as a trusted partner of the UK’s number one platform for business lending, and together we support small businesses in getting the finance they need to go further. Now, as the landscape continues to change for SMEs, we’re excited that we can offer you the chance to apply for the Government-backed Recovery Loan Scheme. Offering this scheme allows our partner to say yes to even more businesses, and provide the finance your business needs to adapt, thrive and grow.
Key features:
- Borrow £25,001-£250,000
- Terms from 2 to 6 years
- No early settlement fees
- Decision in as little as 1 hour
Finding the right finance for your business
We’re also still able to offer affordable business loans of £10,000-£500,000 alongside Recovery Loans. They all come with fixed rates, and there are no fees if you want to settle early.
If you’re interested, simply get in touch with your accountant and we’ll refer you directly to our lending partner to apply – making the whole process easy and stress free. Our partner will then assess which product your business is eligible for. If they’re able to offer a loan on the same or better terms without RLS, they will do so.
Who is eligible to apply?
To be eligible to apply for RLS, you must:
• Have a turnover of up to £45 million
• Be trading in the UK for a minimum of 2 years
• Be a limited company
• Use the loan for business purposes such as working capital or investment
• Not be in difficulty or have any collective insolvency proceedings ongoing
The scheme comes with a 70% Government guarantee. However, this guarantee is to the lender and the borrower
always remains 100% liable for the debt.
Please contact us for more information – 01732 247550 or steve.brown@shaikhfinancing.com and we will get back to you as soon as we can.
