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<p>The Recovery Loan Scheme (RLS) is delivered by the British Business Bank (BBB)
through a network of accredited lenders. The scheme is open to small and medium sized
businesses that:</p><ul><li>Have a turnover not exceeding £45 million per annum</li><li>Have
been impacted by Covid-19</li><li>Are carrying out trading activity in the UK</li><li>Would
be viable if not for the pandemic</li><li>Are not in collective insolvency proceedings</li></ul><p>Further
information on who is eligible for the scheme can be found on the BBB’s website: <a
href="https://www.british-business-bank.co.uk/ourpartners/recovery-loan-scheme/for-businesses/"
target="_blank"><em>https://www.british-business-bank.co.uk/ourpartners/recovery-loan-scheme/for-businesses/</em></a><em>.</em></p><p><em>
</em></p><p>Decision-making on whether a company is eligible for RLS and whether it
is suitable for them is fully delegated to the accredited lenders. Prospective borrowers
do not need to use a broker to access the scheme and are able to apply to lenders
directly, subject to each lender’s internal processes. Where a company has applied
for an RLS facility and been unsuccessful, the lender is responsible for explaining
why the company’s application was declined.</p>
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