Recovery Loan Scheme (RLS)
Business Hit By Pandemic?
Take full advantage of the government's newly released Recovery Loan Scheme (RLS) for COVID-19 hit businesses and get funded up to £10m to grow and thrive again during the UK's economic recovery.
Government-Backed Finance for Recovery & Growth
The UK government's Recovery Loan Scheme (RLS) is a finance/loan support instrument for businesses affected in the aftermath of COVID-19 pandemic. Businesses of any size can apply for RLS and make use of the granted funds for legitimate business purposes. RLS is an extension and replacement to the previously released COVID-19 loan schemes — CBILS and BBLS, both of which came to an end on Mar 31, 2021.
Secure Your FundingWhat is Recovery Loan Scheme (RLS)?
Cash flow management and operational costs
Wages payment and payroll support
Business growth and investment opportunities
New hiring and staffing expansion
Inventory stocking and supply management
Property renovation and maintenance
Equipment upgrades and asset purchases
VAT bills and tax obligations
Choose the Right Funding Solution for Your Business
The Recovery Loan Scheme offers four flexible finance options tailored to different business needs. Whether you need working capital, asset funding, or invoice financing, RLS provides government-backed support to help your business recover and grow.
Following are the key funding options available: Term Loans (£25,001-£10M, 6 year tenure), Invoice Finance (£10,000-£10M, 3 year tenure), Business Overdrafts (£25,001-£10M, 6 year tenure), and Asset Finance (£10,000-£10M, 3 year tenure).
Why Choose Recovery Loan Scheme for Your Business?
Government-Backed Support
The Recovery Loan Scheme provides government-backed finance to help businesses affected by COVID-19 recover and grow during the UK's economic recovery period.
Flexible Funding Up to £10M
Access substantial funding from £25,001 to £10 million through various finance options including term loans, invoice finance, overdrafts, and asset finance.
Multiple Finance Options
Choose from term loans (6 years), invoice finance (3 years), business overdrafts (6 years), or asset finance (3 years) based on your business needs.
Wide Eligibility
Businesses of all sizes can apply, even if you've previously borrowed through CBILS or BBLS schemes. Simply meet the basic criteria and demonstrate pandemic impact.
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