Access government COVID-19 funds and get back on the road to recovery

Recovery Loan Scheme

The Recovery Loan Scheme supports access to finance for UK businesses as they grow and recover from the disruption of the COVID-19 pandemic.

It helps businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period.

Up to £10 million is available per business. The actual amount and the terms are at the discretion of participating lenders.

The government guarantees 80% of the finance to the lender. As the borrower, you are always 100% liable for the debt. No personal guarantees will be taken on facilities up to £250,000, and a borrower’s principal private residence cannot be taken as security.

The scheme is open until 31 December 2021, subject to review.

Eligibility

You can apply for a loan if your business:

  • is trading in the UK

You will need to show that your business:

  • would be viable were it not for the pandemic
  • has been adversely impacted by the pandemic
  • is not in collective insolvency proceedings

What you can get

  • term loans or overdrafts of between £25,001 and £10 million per business
  • invoice or asset finance of between £1,000 and £10 million per business

How long the loan is for

The maximum length of the facility depends on the type of finance you apply for and will be:

  • up to 3 years for overdrafts and invoice finance facilities
  • up to 6 years for loans and asset finance facilities
I’d like to put my business on the Road to Recovery in 2021
Please contact me to arrange a no obligation introductory consultation.
Please complete the ‘Message/Additional Information’ section below with the type of funding you are seeking i.e. ‘Restart Grant’, including any additional information you’d like to tell us about. Then complete the contact details and click Submit.

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