Lender Product : Recovery Loan
Loans from £26,000 to £250,000 available to Limited Companies registered in England or Wales
Maximum term 5 years
Min trading period 3 years
Historically profitable with a positive balance sheet
Lends are based on 25% of 2019 turnover, or x 2 wage bill for 2019
Application requirements:
Last 2 years filed accounts (confirming figures for last 3 years)
Recent management accounts
6 months company bank statements
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