Recovery Loan Scheme

Scheme Launch date 6th April 2021. Closure date 30th June 2022

About UsContact

What is the RLS?

The recovery loan scheme is a Government backed initiative to support businesses impacted by COVID-19, by providing access to finance for recovery and growth. RLS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance. Advances can be used for managing cash-flow, investment and growth. Must be able to demonstrate affordability.

Contact Us

Do you need help or advice accessing a loan or credit facilities.

Whilst the Recovery Loan Scheme core principles are fixed, there are many lenders, with widely differing criteria and appetite. The application process can be complex and financial data needs to be presented correctly to maximise your chances of success.

We are NACFB – affiliated and can help guide you through the application process and an understanding of your best options.

Key Features of RLS

  • Facilities of £1000 to 10 Million.
  • Term loans, overdrafts, asset finance, invoice finance, refinance.
  • No personal guarantees for facilities under £250,000.
  • Term of 3 months to 6 years.
  • CBILS holders can still apply but amount of credit maybe limited.
  • Government guarantee of 80% of debt to lender. ( Note: Borrower remains 100% liable for the debt. )
  • Businesses need to meet the cost of interest and fees.
  • Reduced initial payments under some lender schemes.

Your business must :

  • Be UK based in its trading activity.
  • Have a viable business proposition.
  • Have been impacted by COVID-19.
Information Required

This will vary depending on the lender and the type of finance sought ( Loan / Asset Finance / Invoice Finance ) but as a minimum:

  • Full accounts for the last 2 years.
  • Management accounts (if more than 6 months past year end)
  • 3-6 months bank statements.
  • Purpose of Loan.
  • Brief details of how COVID-19 has affected business.

Each lender will make its own decision on whether or not to accept a proposal, and what products it makes available  ( Loan / Asset Finance / Invoice Finance / Refinance ), and on what terms ( Loan Amounts / Repayment Periods / Interest Rates ) We can guide you to your best options.


Feel free to talk through a proposal with us – we’re here to help