The British Business Bank (BBB) has accredited Hitachi Capital (UK) for the recovery loan scheme (RLS).
The lender, which offers retail finance, personal loans and business finance, including through asset finance and vehicle solutions, said it will support small UK businesses who are looking for financial help above £30,000 through its accredited introducer network.
Hitachi Capital (UK) said if eligible for the scheme, borrowers should contact their broker to assist them or alternatively fill out a contact form on the lender’s website and a team member will help.
The RLS, which was launched on 6 April, will run until the end of the year, subject to a review.
It has a maximum facility of £10m, provides loans from £1,000 for asset and invoice finance and from £25,001 for term loans and overdrafts.
The BBB has accredited many lenders to the scheme of late.
Recent approvals include: First Enterprise – Enterprise Loans, DSL Business Finance, Shire Leasing, Compass Business Finance, Tower Leasing, Starling Bank, CG Business Finance, Funding Circle, BCRS Business Loans, Close Brothers, Investec, Cynergy Bank, Atom, Metro Bank, Enterprise Answers, ART Business Loans and United Trust Bank.