Recovery Loan Scheme (RLS)
A UK Government-backed business lending scheme introduced after the main COVID emergency loan schemes to support access to finance through accredited lenders.
Also known as: RLS
Related terms
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RLS loan
A business loan made under the Recovery Loan Scheme through an accredited lender, with government support applying to the lender rather than removing the borrower’s repayment obligation.
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Bounce Back Loan Scheme (BBLS)
The COVID-era government-backed lending scheme that enabled eligible small businesses to borrow through accredited lenders.
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Coronavirus Business Interruption Loan Scheme (CBILS)
A UK Government COVID-era scheme that supported lending to eligible businesses through accredited lenders, with a government guarantee protecting part of the lender’s exposure.
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