In light of the COVID-19 restrictions, the UK government has introduced the government recovery loan scheme as a business loan to stimulate the economy. The main aspect allowed UK based businesses to apply for up to £250,000.00 with no personal guarantee, meaning individual's primary residence were not at risk with the government guaranteeing 70% of the loan to lenders. However, the scheme is currently paused but clients can still borrow up to £2 million with terms of up to 6 years through our other solutions.
Government recovery loan scheme can be used for any legitimate business purpose including equipment, cash flow, stock, vehicles, refurbishments, technology and marketing.
Principal can still help you with a wide range of financial products from short term, medium term, unsecured and secured business loans and asset finance. Fill in an enquiry form or email us today and we will be happy to narrow down your options.
- Enhance cash flow position without offering a personal guarantee.
- The scheme can be used for cash flow or the purchase of equipment.
- Aid businesses affected by the COVID-19 restrictions.
- Repayment terms of up to 6 years were available.
We love our clients, so feel free to contact to arrange a call or meeting.
Email: Info@principalbusinessfinance.co.uk Landline: 01604 217 998
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Principal Business Finance Limited is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Principal Business Finance Limited will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Principal Business Finance Limited is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035.
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