LAST CHANCE: Government Growth Scheme Replaces RLS and CBILS

The Government Growth Scheme (GGS), which has replaced the previous Recovery Loan Scheme (RLS) and the Coronavirus Business Interruption Loan Scheme (CBILS), presents what may be the final opportunity for businesses to secure state-backed funding with limited personal guarantees for the foreseeable future.

This scheme offers versatile financing options that are crucial for landlords and property businesses looking to manage growth, invest in compliance updates, or simply improve cash flow.

Key benefits of the GGS include:

• Limited Personal Guarantee: The terms of the scheme limit the personal risk to the borrower, unlike standard commercial lending which often requires unlimited personal security.
• Debt Refinancing: GGS loans can be used to refinance existing debt, allowing landlords to consolidate or restructure their borrowing for better terms.
• Flexible Options: Loans are available in various forms to fit specific business needs, supporting expansion, capital investment, or working capital.

This is a timely window for professional landlords to review their finances and secure funding before this style of government-backed, low-personal-risk lending ends.