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.
Also known as: RLS
Related terms
-
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.
-
CBILS loan
A loan made under the Coronavirus Business Interruption Loan Scheme, with a government-backed guarantee to the lender but repayment obligations remaining with the borrower.
-
Government-backed loan
A loan made by a lender under a government-supported scheme where the state guarantees part of the lender’s exposure.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help