A Government business loan is a funding solution to help all types of businesses. It could be for business expansion, business growth, introducing new products and services or even for property development projects.
The popular Government backed COVID business loans of BBLS, CBILS and CLBILS finished on 31st March 2021 and were replaced by 1 new initiative called the Recovery Loan Scheme (RLS).
Launched on 6th April 2021 the RLS has been made available to support businesses who are in need of a cashflow boost. Funding is available up to £10 million and can be used for any legitimate business purpose.
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