Recovery Loan Scheme 2021: Where do I apply for my loan? freshbusinessthinking.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshbusinessthinking.com Daily Mail and Mail on Sunday newspapers.
Recovery Loan Scheme 2021: Where do I apply for my loan? freshbusinessthinking.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshbusinessthinking.com Daily Mail and Mail on Sunday newspapers.
Response from the business community
Chancellor Rishi Sunak said that the new Coronavirus Recovery Loan Scheme will ensure that businesses continue to have access to the finance they need as we move out of this crisis.
To date, the government’s emergency loan schemes have supported more than £75bn of finance for 1.6m British businesses. The latest loan scheme is part of the government’s £350bn support package which has included the furlough scheme and grants and tax deferrals.
However, Todd Davison, MD of Purbeck Personal Guarantee Insurance, warns that many SMEs could find themselves excluded from the Recovery Loan Scheme.