MP encourages local businesses to consider scheme
Today the Government launches the Recovery Loan Scheme, which will provide further support to help protect businesses and jobs. Businesses large and small will be able to access loans varying in size from £25,000 up to a maximum of £10 million, which include 80% Government guarantee and interest rate cap. Invoice and asset finance is available from £1,000.
John said,
“So far the Government’s emergency loan schemes have supported more than £75 billion of finance for 1.6 million British businesses, and it is good news that this further support is available to help businesses get back on their feet as the economy reopens. It is in addition to other extensive support measures like the furlough schemes and the generous grants and tax deferrals, and I would encourage local businesses to consider this new scheme.”
Notes to Editors:
• For further information, please visit: https://www.british-business-bank.co.uk/ourpartners/recovery-loan-scheme/.
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