Fundur – Serving motivated UK businesses ready for growth

Recovery Loans

Recovery Loans2024-01-26T10:25:48+00:00
Get your business back on its feet

Business Recovery Loans (RLS)

The Recovery Loan Scheme was launched in April 2021 to help companies recover from the COVID-19 situation. It has now been extended for 2 more years to help businesses control the pressures of rising expenses.

The Recovery Loan Scheme gives lenders a partial government-backed guarantee to make it even easier for businesses to access these loans and forms of finance.

If your business is eligible, you can apply for a loan to help you with your costs and expenses.

Our process is quick & simple

How does business finance work?

1. Submit your business finance enquiry in 60s.

1. Submit your business
finance enquiry in 60s.

Using our very easy-to-use business finance application form, you simply complete the required information.

Using our very easy-to-use business finance application form, you simply complete the required information.

2. A chat about your business and goals.

2. A chat about your business and goals.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

3. Our Finance experts Work Our Magic.

3. Our Finance experts Work Our Magic.

We then work with our board of partners and lenders to get your the possible rate available.

We then work with our board of partners and lenders to get your the possible rate available.

4. Your no-fuss finance is funded.

4. Your no-fuss finance is funded.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Are you eligible?

Eligibility for The Recovery Loan Scheme

To be eligible for a facility under RLS, your business (together with your business group, if applicable) must meet certain eligibility criteria, including but not limited to:

  • Being engaged in trading activity in the UK with the core of its business operations in the UK

  • Generating more than 50% of turnover from trading activity.

  • Turnover doesn’t exceed £45,000,000.

  • Having a borrowing proposal considered viable by the lender.

  • Not being a business in difficulty, including not being in relevant insolvency proceedings.

  • Not being a bank/building society; an insurer or reinsurer (can be an insurance broker); a public sector body; a state funded primary or secondary school; or an individual other than a sole trader or a partner acting on behalf of a partnership.

Recovery Loan Scheme FAQs

Can you provide asset finance for businesses outside of the UK?2023-08-24T12:47:43+01:00

At this time, Fundur focuses exclusively on providing asset finance solutions to businesses that are based within the United Kingdom. Regrettably, we do not offer our services to businesses located outside of the UK. Our commitment is to serve the UK market and offer tailored financial solutions to businesses within this region. If you’re a UK-based business seeking asset finance, we’re here to assist you in achieving your financial goals.

Are there any industry restrictions?2023-08-24T12:50:45+01:00

Fundur maintains a responsible lending approach and adheres to ethical standards. As a result, we have certain industry restrictions in place. We do not provide financial services to businesses involved in industries such as arms manufacturing, pornography, or tobacco production. These exclusions are in line with our commitment to supporting businesses that align with our values and ethical considerations. If you’re uncertain whether your business falls within these restrictions, our team is here to provide clarity and guidance on eligibility criteria.

What are the business advantages of asset finance?2023-08-09T16:30:25+01:00

Asset finance offers businesses the advantage of obtaining essential assets like equipment and technology without significant upfront costs, preserving working capital for other needs. With options such as leasing or hire purchase, businesses can choose flexible repayment plans that align with cash flow. Quick asset acquisition enhances operational efficiency and productivity, while lessors assuming asset-related risks protects against depreciation and obsolescence. Tax benefits and predictable monthly payments improve financial management. Moreover, asset finance supports business growth by enabling expansion, technology upgrades, and market entry. Overall, it optimizes asset utilization, fosters growth, and enhances competitiveness.

What are real assets?2023-08-11T16:26:25+01:00

Real assets are tangible physical assets with intrinsic value, such as real estate, infrastructure, natural resources, commodities, farmland, collectables, and equipment. They can generate income and appreciate over time. While they offer benefits like inflation hedging and diversification, they also have challenges like maintenance costs and potential market fluctuations. Careful consideration is needed before including real assets in an investment strategy.

What are financial assets?2023-08-10T12:27:21+01:00

Financial assets in the UK are tradable investments that hold value and represent claims to future cash flows. They are bought and sold to generate income and capital appreciation. Common types include stocks, bonds, mutual funds, ETFs, derivatives, savings accounts, CDs, REITs, government securities, corporate bonds, cash equivalents, private equity, cryptocurrencies, commodities, and structured products. These assets can be held in various accounts and are chosen based on individual goals and risk tolerance. It’s crucial to research and possibly seek professional advice before investing.

The Recovery Loan Scheme

Key Benefits of RLS

To be eligible for a facility under RLS, your business (together with your business group, if applicable) must meet certain eligibility criteria, including but not limited to:

  • Businesses that received support throughout COVID-19 are still eligible for receiving a recovery loan.

  • Capital repayment holidays are available on Phase 3 RLS loans. Please note the interest and repayment may increase because of this.

  • Get your business back on its feet with a government-backed scheme.
Ready to get your business going again?

Let’s begin your RLS application

As long as you fit our elibility as listed above, you can apply for a recovery loan using us at Fundur. We will get you the best rate available and be there to hold your hand through every step of the process.

Get Started Below

  • No impact on your credit profile

  • Regulated by the Financial Conduct of Authority
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