Also known as ‘The SME Recovery Loan Scheme”, it enhances lenders’ ability to provide cheaper credit, allowing many SMEs to access additional funding or refinance existing loans at a lower interest rate. This funding will sustain SMEs through the pandemic and enable them to recover and invest for the future. In simple terms, Businesses can access cheaper loans because the lenders don’t have to be ‘as strict’ with their requirements.
These loans are set to discontinue from 30th June 2022.
We have been able to achieve some great results for existing Gild Clients & it is a great way to access additional working capital for COVID effected businesses.
If your business has been affected by COVID & you are thinking about accessing additional liquidity/working capital to help your growth, please reach out!