An RLS Invoice Finance Facility may be available to you, if you:
- Are (or become) an HSBC Invoice Finance (UK) Ltd client, operating in the UK and generating 50% or more of your business turnover from trading activity in the UK.1
- Operate in a sector that is eligible for an RLS Invoice Finance facility.2
- Have a viable funding proposal and are an eligible applicant.
- Are not a business in difficulty3. Please refer to the Businesses in Difficulty section for further information.
- Eligibility is also subject to you not having breached the terms of any loans made available under the existing Government COVID19 guaranteed loan schemes, or the Enterprise Finance Guarantee scheme.
- Businesses that have taken out a CBILS, CLBILS, BBLS or previous RLS facilities are able to access the RLS Invoice Finance Facility although the amount they have borrowed under a previous scheme may in certain circumstances limit the amount they may borrow under RLS Invoice Finance.
1 This eligibility criterion does not apply to applicants which are registered charities or further education colleges.
2 The following sectors and activities are excluded from RLS: Deposit taking Banks and EEA Banks; Building Societies, Insurers (other than insurance brokers), Public sector organisations, State funded primary or secondary schools.
3 As per scheme rules, your business will be a business in difficulty if:
- you hold a credit rating and have a long-term issuer or debt rating below Credit Quality Step 5 from a recognised rating agency; or
- you do not hold such a rating and you would be considered by us to be: (1) of poor credit standing; or (2) subject to very high credit risk; or
- you are subject to relevant insolvency proceedings.