TFSME: extensions for drawings after Covid-19

The Term Funding Scheme with additional incentives (TFSME), launched in March 2020 in response to Covid-19, originally offered drawings with a 4-year term. Eligible participants could extend to 6 years in alignment with the BBLS. Phase one of extensions concluded in 2022. Phase two now allows a further extension from 6 to 10 years, impacting a few drawings, while others will mature per their 4-year term. Details and documentation updates are available on the bank's website: https://bit.ly/4eJZ3Gz If you would like to undertake a lending strategy review we would be more than happy to discuss with you options! #TermFundingScheme #FinanceNews #FinanceUK

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