Loans

Santander Loan – Applying For A Recovery Loan Scheme With Santander

santander-loan-applying-for-a-recovery-loan-scheme-with-santander

Santander Loan – How to Choose

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.

RLS aims to help businesses affected by Covid-19 and can be used for business purposes, including, managing cash flow, investment and growth. It is designed to support businesses that can afford to take out additional finance for these purposes. Businesses who have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme.

Read more here: https://www.santandercb.co.uk/recovery-loan-scheme

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5 Comments

  1. Jacqui B
    July 27, 2021 at 7:35 am

    If I have a ccj will that go against me?

  2. Garab Fuel
    July 27, 2021 at 7:35 am

    I have a Santander business account (the main business account and the only one). Recently I have being set up phone call with someone from Santander since there is no online application for LRS. He told me LRS is available under Santander corporate account holders; therefore; we must apply brand new corporate account , please bear in mind Santander corporate is completely separate from Santander normal business accounts. According to the gentleman I spoke to, Santander corporate accounts won’t have any access to our exciting Santander business account therefore; they will treat us as a new customer with zero history. To add, our BBL application was successful. After very long call, I ask him to drop email about the conversation we had, he sent me a link for opening corporate account only.

    I found it very unhelpful.

  3. Jack Matthews
    July 27, 2021 at 7:35 am

    My business banks with santander but how do i apply for the recovery loan?

    It says online that santander will contact me if there think im illegible so il not so sure where to go from here. Can you advise?

  4. YOUneedKNOW this
    July 27, 2021 at 7:35 am

    Santander does not provide online application form.

  5. John Robinson
    July 27, 2021 at 7:35 am

    Im surprised your recommending Starling they are so unhelpful