Recovery Loan Scheme

Product Details: 

• UK businesses with a turnover of up to £45m per annum
• Maximum borrowing: £2m
• Government guarantee* support to lenders of 70%

If your company is trying to recover or develop as a result of the Covid-19 pandemic, the Government's Recovery Loan Scheme can help.

RLS intends to assist small and medium-sized companies in the UK affected by Covid-19 by assisting them to recover and flourish following the pandemic's disruption. It is intended to appeal to firms that can afford to incur additional debt, and it may be used for any legitimate business purpose, such as cashflow management, investment, and expansion.

If you have previously received Government-backed financial assistance through CBILS, CLBILS, or BBLS facilities, you are still eligible to apply for RLS funding if you fulfil all other qualifying conditions. Subject to a review by the British Business Bank, the Scheme will be accessible until 30 June 2022.

To apply for an RLS loan, please get in touch. Working with one of our independent finance brokers, you will be able to access independent advice, as well as receive assistance with your application at every step.