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Resilience and Recovery Loan Fund open until 31 January

Dec 10, 2020 | Uncategorized

The RRLF scheme is intended for organisations with a minimum turnover of £400k where the organisation has been disrupted due to the Covid-19 pandemic, and it’s set up to make the government Coronavirus Business Interruption Loan Scheme (CBILS) more accessible to charities and social enterprises.

Key features are:

  • Funding packages from £100k to £1.5m
  • Loans available from 1 to 5 years
  • Assessed on a case by case basis alongside the loan, grants that are awarded range in size from £40k – £300k and can be 20% to 40% of the loan amount.
  • All loan interest and fees covered by the government for the first 12 months
  • All loans come with a 12-month capital repayment holiday and no early repayment fees
  • Loans up to £250k unsecured, and above that a simple fixed and floating debenture will be taken
  • All purposes considered except refinancing existing debt.

How to apply

The deadline for applications is 31 January 2021 for more information click here

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