What Is An RLS Loan?

The abbreviation RLS is short for Recovery Loan Scheme. This is a government backed business loan scheme, created to support businesses recovering from the Covid pandemic.

You can apply for the RLS scheme with either you bank or a number of lenders accredited by the British Business Bank.

The Recovery Loan Scheme (RLS), is a replacement for the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme (CBILS).

Here are some more articles about the Recovery Loan Scheme:

Recovery Loan Scheme Lenders & Providers

Recovery Loan Scheme With Tide Bank – RLS

New Recovery Loan Scheme 2023 UK

Apply For A RLS Loan

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EXCELLENT

13 reviews on

Gerad Barclay

2024-04-02

Exemplary Business Finance Service Bolton Business Finance and its MD Marcus Wright are professional and an example to others in the industry. Strongly recommended. Most business people searching for a business finance broker will have dealt with Estate Agents, Recruitment Agencies, or both. You know the types; recruitment “consultants” that try to palm you off with unsuitable candidates having doctored the CV to look great, or estate agents that assure you the enquirer is a “Cash Buyer” or in a fabulous position when in fact they have not even got an offer yet for their overpriced property. Many Business Finance Brokers are as above, probably worse. They work the numbers game of collecting applicants then punt the applicants around the types of lenders that want to tie you down with crazily high interest rates, unviable repayment terms and the ubiquitous PG. My advice is to look out for these shady practitioners. They want your personal ID, 6 months Bank Statements and annual accounts before even discussing solutions to your problem. They have only a passing conversational interest in your business. Be especially alert to the additional introduction “Fee” for getting to offer stage. One such broker added a 5% fee unto an already sky-high rate of interest front-loaded unto the principle, no reduction for early settlement, and of course the dreaded PG. Try getting 5% Interest per year on deposit of £200,000…. It is currently almost impossible yet, some brokers want 5% (£10,000 on that £200K) just for the introduction. That’s 3–5 times what Estate Agents will charge, and they typically must do some work and wait 6 months for the transaction to complete. The broker may well have punted your most personal details by email to any number of lenders leaving you exposed in many ways. Marcus did none of the above. He listened to the requirements. Noted preconditions, made no promises but came back very quickly with imaginative propositions. Very personal details and confidential information were requested only when there was agreement in principle. I will certainly use again.

Tyler Homeyard

2023-04-12

Great company to deal with. Marcus is a great guy and knows what he’s doing. They helped me with factoring my invoices on Courier Exchange. Very seem less process. Highly recommend.

TICS Global

2023-04-12

Fantastic speedy and attentive service.

Adam O'Rourke

2022-10-11

I've have never accessed commercial finance before and I was daunted by the process. Bolton Business Finance made the process simple, easy and fast. I've been funded and got exactly what I needed. Outstanding service, wouldn't hesitate to recommend!

Jamie Wynne-Griffiths

2022-10-05

What a top job. Absolute pleasure to work with Marcus. He understood exactly what we needed and didn't stop until he got it. Highly recommended!

Westhoughton Motors

2022-06-30

Great service, always kept updated and responded fast to any questions. Thanks to the team at Bolton Business Finance.

nasrat zamiri

2022-03-28

I had recently applied for Business Cash Advance facility through Bolton business finance. The process was easy and smooth, and received the requested funds within 3 days. Would highly recommend to any businesses who are looking for funding. Thanks Marcus

Matthew McClellan

2021-06-30

I recently approached Marcus at Bolton Business Finance to assist with sourcing and implementing a new invoice finance platform for my business. Marcus was professional and very knowledgeable from the very start and I would highly recommend his services. We will certainly be using Bolton Business Finance going forward.

michael walls

2021-03-15

Marcus arranged my CBILS loan and i found him a pleasure to deal with, no hassle , no fuss just gave me exactly what i needed ( sound advice ). Many Thanks