business lending 2024 budget

Borrowing & The Budget 2024

Borrowing & The Budget What did the 2024 budget do for businesses and property professionals? Let’s see… You can download the pdf here. Recovery Loan Scheme Remember when Jif became Cif? Marathon became Snickers? The Recovery Loan Scheme seems to have changed names almost weekly, it is now going to be known as the Growth
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commercial mortgages business property trading

Commercial Mortgages – Cheaper & For Any Business Purpose?

Commercial Mortgages – Cheaper & For Any Business Purpose? Lower cost and more flexible commercial mortgage lending sounds great. Doesn’t it? Let’s bring back an old friend to help, The Recovery Loan Scheme. Now branded as the trendy new RLS 3.0, it’s almost as if the British Business Bank asked Apple what to call the
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recovery loan scheme venn diagram

Why Use Recovery Loan Scheme?

Reasons Why Recovery Loan Scheme Works Let’s start with the obvious. The Coronavirus Business Interruption Loan Scheme (CBILS) was a one off, really good, never to be repeated loan scheme so anything you compare to that is going to leave you disappointed. What you need to do is compare what the Recovery Loan Scheme offers
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CBILS to RLS

The Solution For When CBILS Repayments Bite Back

When CBILS Bites Back CBILS finally ended on 31st March 2021, as of June 2020 £38bn had been advanced to 910k businesses. Between now and March 2022 businesses will need to start making repayments to these loans or seek agreement from their lender for special terms outside of the standard CBILS scheme. Many of these
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Commercial Mortgage limited time deals

Commercial Mortgage – Is Competition Back?

Commercial Mortgages – Is Competition Back? For the last few years the cost of commercial mortgage borrowing has steadied but has remained fairly static across the market. We have seen no real breakaway in competition or divergence in interest rates. There are a few signs that is changing. Since the outbreak of Covid we have
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commercial mortgages recovery loan scheme

Commercial Mortgages using Recovery Loan Scheme

Commercial Mortgages – Recovery Loan Scheme The Recovery Loan Scheme is fairly well known. What is less well known is that you can use the Recovery Loan Scheme for commercial mortgage borrowing. This means businesses who own their own trading premises as well as commercial property that is held as an investment and let out.
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recovery loan scheme latest news

Recovery Loan Scheme – Latest Updates

Recovery Loan Scheme (RLS) The successor to CBILS and BBLS (and probably EFG also) remains on track to launch on 1st April, traditionally not a good day for anything to be taken too seriously, however there are some serious facts emerging. For details on how to apply then click here and we will send them
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