RECOVERY LOAN SCHEME
£50,000 TO £10MILLION

CHECK YOUR ELIGIBILITY

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For non-Recovery Laon Scheme products, click here

EXCELLENT

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The benefits of the Recovery Loan Scheme (RLS):

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From £50,000 to £10million

Up to 7 Year Agreement Terms

No Directors Guarantees (Up to £250k)

No Early Settlement Fees

Available in addition to CBILS

RLS SCHEME POWERED BY

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Working in partnership with our lending panel in deploying funds on the Recovery Loans Scheme backed by the British Business Bank

 

What is the Recovery Loan Scheme (RLS)?

The Recovery Loan Scheme (RLS) launched on 6 April 2021 to help UK businesses access finance as they recover and grow following the Covid-19 pandemic. The scheme aims to help businesses affected by coronavirus and can be used for business purposes, such as managing cash flow, investment and growth

Businesses who have taken out a Coronavirus Business Interruption Loan Scheme (CBILS) or Bounce Back Loan Scheme (BBLS) facility are able to access the new scheme. The scheme will run until 31 December 2021, subject to review.

There is no turnover restriction for businesses accessing the scheme. It is important to note that if you are approved for a Recovery loan, you will be liable to pay the RLS interest payments and fees from the outset. The guarantee is to the lender and not to the business.

Am I eligible for a Recovery loan?

 

To receive a loan from Funding Circle under the Government’s Recovery Loan Scheme (RLS), you’ll need to meet the following criteria:

  • Business has been impacted by coronavirus

  • Minimum of 2 years’ trading history

  • Must be a limited company or limited liability partnership (LLP)

  • Business is trading in the UK

  • Loan is for business purposes (i.e. working capital or investment, and to support trading in the UK)

 

To help as many businesses as possible, we’ll look at a business' performance over a longer period of time to ascertain whether it has a viable business proposition regardless of the impact of Covid-19.

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80+ LENDERS

 

By working with over 80+ specialist lenders, we will source the best finance product to suit your needs.

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LOW RATES

 

Our relationships with lenders and suppliers enables us to secure best in class rates across all industry sectors.

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FAST DECISIONS

Asset based finance or ongoing access to funds, with fast application and decision. Funding possible in 24 hours.

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5 STAR RATED

Over 130 five star reviews thanks to our Account Directors who have raised over half a billion in funds.

01908 429888

WHAT OUR CLIENTS SAY ABOUT US

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"Fantastic from day one, when funding was signed off the funds were in our account within 48 hours! Well done and highly recommend!"

 

- Marco

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"I couldn't believe how simple the process was. I wish I had known about them earlier as I wouldn't have wasted time dealing with a high street bank!

 

- Keith

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"Absolutely amazing service. Approved has been fantastic, going the extra mile and being so supportive and easy to talk to."

 

- Lisa

EXCELLENT

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REVIEWS ON

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*Testimonials were collected through Google Reviews and were obtained in 2020. Images are not representative of the actual clients.

With finance available from £50k, keep moving forwards with a

finance solution that’s right for your business

How It Works

We keep our business finance options transparent - no hidden fees or nasty surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.

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FAST APPLICATION IN SECONDS

 

You'll share basic information about you, your business and finance requirements. Either apply online or call us on 01908 429888.

GET YOUR FREE QUOTE

 

We'll get some more information regarding your businesses and tailor the best solution to meet your needs.

GET FUNDS FAST

 

Once approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.

Are you a business owner looking for a transparent loan with 

no hidden fees and no hassle?

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