The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021. Loans will include 80% government guarantee and interest rate cap.
With non-essential retail and outdoor hospitality reopening today, Ministers have ensured that appropriate support is still available to businesses to protect jobs. From 6 April 2021 businesses – ranging from coffee shops and restaurants to hairdressers and gyms – can access loans varying in size from £25,000, up to a maximum of £10 million. Invoice and asset finance is available from £1,000.
For further information see GOV.UK