The Recovery Loan Scheme
The Recovery Loan Scheme (RLS) launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.
Businesses who have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme.
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Businesses often need to invest in new equipment, or unlock additional funds currently tied up in their existing assets. InterBay’s asset finance team has the answers.
With over 150 years’ of asset-based lending experience combined, our team strives to help businesses reach their potential. Our payment options help businesses invest in the equipment they need to maximise their productivity.
Who can benefit from asset finance?
Asset Finance can help businesses of all shapes and sizes.
For example, a business may want to invest in equipment and retain their working capital for other needs. Or they may want to boost cash flow, not via a conventional bank loan, but through one of our refinance options. Either way, they could benefit from asset based finance.
Unlike most conventional loans, asset finance can be flexible with repayment strategies, meaning businesses could have more capital available when they need it.
Types of asset finance
Different types of businesses require different types of asset finance. These include:
- Hire purchase
- Finance lease