Two more lenders have been accredited for the recovery loan scheme (RLS), BLG and InterBay Asset Finance.
BLG is a principal lender specialising in residential development ﬁnance.
It provides stretch senior development finance, super-stretch development finance, build-to-let development finance, commercial development finance and, via third-party funding partners, mezzanine development finance.
InterBay Asset Finance is an asset finance specialist that offers hire purchasing, leasing and refinance. It is based in Fleet, Hampshire and part of OneSavings Bank.
Both lenders previously delivered funds to businesses through the coronavirus business interruption loan scheme, which closed for applications at the end of March and was replaced by the RLS which launched on 6 April.
The RLS, which is due to run until the end of the year, subject to a review, has a £10m maximum limit per business or £30m per group.
The British Business Bank (BBB) has accredited many lenders to the RLS recently, including Genesis Asset Finance, Independent Growth Finance, Conister Finance & Leasing, Finance For Enterprise, Simply Asset Finance, British Enterprise Fund and Shawbrook Bank.
According to the BBB’s website 66 lenders have been accredited to the scheme.