Recovery Loan Schemes | Tax Accountant Leatherhead

by | Aug 9, 2022 | Accountant

RLS is an initiative by the UK government to shelter businesses affected by the Covid-19 pandemic. However, these recovery schemes are not for everyone; business owners must meet certain requirements to be eligible. A tax accountant in Leatherhead is in a position to guide you through the process of attaining these loans. It’s imperative to note that the money you receive from RLS has to be used for business purposes like cash flows and investments. Depending on the requirements met, a business owner can get a maximum of £2 million and £6 million for a group.

The timeframe for paying back RLS depends on the type of loan you’re receiving. If you’re going for term loan and asset finance, the paying back period is between three months to six years. On the other hand, if you’re going for overdrafts and invoice finance, the paying back period is three months to three years. Moreover, the type of finance facilities available for RLS includes; term loans, invoice finance, asset finance, and overdrafts, among others. A tax accountant in Leatherhead can help business owners get RLS to shelter their businesses.

David Beckman & Co Ltd offers the best-chartered tax advisors and accountants to go for when you want help getting RLS. The experts know what types of businesses are eligible for these loans, plus all their terms and conditions. These experts understand how the business should represent themselves to have the best chance of getting a loan. With these experts on board, a business subject to eligibility and affordability requirements can avail itself of more than just one type of finance facility available. The chartered accountants can also advise you accordingly on whether getting these loans is right for your business. When you have questions concerning RLS, it’s imperative to talk to a tax accountant in Leatherhead. Contact these experts at 01737 844 322 for further assistance.

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