Alternative business lending specialist Finance For Enterprise is set to help more businesses recover from the impact of the pandemic after being accredited as a delivery partner for the Government-backed Recovery Loan Scheme (RLS).
Launched by the British Business Bank in April 2021, the scheme supports access to finance for UK businesses as they recover and grow.
As an accredited delivery partner, Finance For Enterprise will provide loan funding to businesses worth between £25,001 and £250,000, which can be used for any legitimate business purpose including managing cashflow and investment in new equipment.
Businesses that took out a CBILS, CLBILS or BBLS facility can access the new scheme, although the amount they have borrowed under previous schemes may limit the amount they can under RLS.
Finance For Enterprise MD Andrew Austwick said: “SME businesses are the lifeblood of the region’s economy, yet when it comes to being able to access the financial support needed to prosper, they are all too often overlooked.
“Becoming an accredited delivery RLS partner comes at a time when many business owners are looking toward a brighter future.”
