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From: Funding Circle via Business Advisor
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Date: Wed, 12 Jan 2022 12:11:55 +0000
Subject: Get 2022 off to a flying start with Government-backed finance
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Sender: Funding Circle via Business Advisor
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<div class="preheader" style="font-size: 10px; display: none !important;">Quick decisions and no personal guarantee up to £250k</div>
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<div class="h2-center" style="color:#75227d; font-family:Arial, sans-serif,'Amasis'; font-size:33px; line-height:40px; text-align:center">Government-backed finance extended into 2022</div>
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<div class="text" style="color:#424554; font-family:Arial, sans-serif; font-size:16px; line-height:24px; text-align:left">,<br />
<br />
Happy New Year! January is the time that we start looking ahead and putting our plans into action, and a <a href="https://response.advisorsforbusiness.co.uk/link/cfego43xc3u8k4kwewasri54gfzzqwmkjtc8gikcepwwkqn1jfuo" name="PRS_hyperlink_CTA" target="_blank" xt="SPCLICK"><strong><span class="link c-black" style="text-decoration:none; color:#424554;"><span class="bb-blue" style="border-bottom:1px solid #018dd0;">Government-backed loan</span></span></strong></a> could help you get off to a flying start. <br />
<br />
The Government’s Recovery Loan Scheme has been extended, so you can still borrow £25,001-£350,000 for almost any purpose - and take your business wherever you want it to go. <br />
<br />
Applications take just 10 minutes, you’ll get a decision in as little as 1 hour and the funds typically within 24 hours, meaning your business can hit the ground running this year. <br />
</div>
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<div class="text" style="color:#424554; font-family:Arial, sans-serif; font-size:16px; line-height:24px; text-align:left"><strong>Can I apply for a Recovery Loan if I already have a Government backed loan?</strong><br />
<strong></strong>Yes, you can get a Recovery loan if you have a Government scheme loan already, and there is no requirement to refinance any existing debt such as a Coronavirus Business Interruption Loan (CBILS) or a Bounce Back Loan (BBLS).<br />
<br />
<strong>How much can I borrow with a Recovery loan? </strong><br />
We’re accredited to lend £25,001 to £350,000 to businesses with a turnover of £100,000 or more. The maximum you can borrow is typically 25% of your annual turnover, and this cap includes any outstanding debt under the CBILS or RLS schemes. However, BBLS loans are not included in this limit.</div>
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<div class="text-btn-1" style="color:#ffffff; font-family:Arial, sans-serif; font-size:20px; line-height:24px; text-align:center"><a class="link-white" data-linkto="https://" href="https://response.advisorsforbusiness.co.uk/link/cfego43xc3u8k4kwewasri54gfzzqwmkjtes4u18e7ugostxqjuo" name="PRS_CTA1" style="color:#ffffff;text-decoration:none;" target="_blank" title="" xt="SPCLICK"><span class="link-white" style="color:#ffffff; text-decoration:none">Check your eligibility</span></a></div>
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<div class="text-center" style="color:#424554; font-family:Arial, sans-serif; font-size:15px; line-height:24px; text-align:center"><em>“Great communication and helpful staff, giving me confidence in the process.<br />
Also the turnaround from application to completion was exceptionally quick”</em></div>
<div class="text-2-green-center" style="color:#0f884d; font-family:Arial, sans-serif; font-size:16px; line-height:24px; text-align:center"><em>– Martyn, November 2021</em></div>
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<div>TrustPilot review correct as of 05 Jan 2022.<br />
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The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit <a href="https://response.advisorsforbusiness.co.uk/link/cfego43xc3u8k4kwewasri54gfzzqwmkjtmichdocchfw6mxqf4o" name="BBB Link" target="_blank" xt="SPNOTRACK">https://www.british-business-bank.co.uk/recovery-loan-scheme.</a>
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