Time Finance has become an accredited lender under the Government’s Recovery Loan Scheme (RLS) via the British Business Bank. Under the Scheme, Time Finance will be able to support UK SME’s looking for additional funding through the provision of loans and asset finance up to £150,000 with terms available of up to six years.
The Recovery Loan Scheme supports access to finance for UK businesses as they recover and grow following the pandemic. Under the Scheme, businesses who have been negatively affected by COVID-19 can borrow funds for a wide variety of purposes – whether that be to support cashflow or to fund new investments. It is open to all businesses irrespective of turnover and businesses that have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme, although the amount they have borrowed under a previous scheme may in certain circumstances limit the amount they may borrow under RLS.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.
