Atom bank starts lending under the Recovery Loan Scheme
Atom has started to offer quotes on its secured lending products under the Recovery Loan Scheme (RLS), following accreditation by the British Business Bank.
The RLS gives UK businesses access to finance as they recover and grow following the COVID-19 pandemic, with funding that can be used for managing cashflow, investment, and growth. Through RLS, Atom will offer secured loans from £250,000 up to £5m, subject to eligibility criteria, via its network of 200+ independent brokers across the UK.
David Castling, director of intermediaries at Atom, said: “I’m delighted to announce today that we’ve been accredited by the British Business Bank to offer loans through the Recovery Loan Scheme and we’ll shortly be accepting applications on this basis.
“We have as a bank offered loans through CBILS throughout the pandemic and RLS will allow us to accelerate our efforts to support UK SMEs and help them grow and recover following the pandemic.
“Our business is provided through intermediaries and we truly value the relationships we have with our brokers in the UK and we welcome their support once again as we try to get cash out to firms when they need it most.”