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How a Government-backed loan can help your business


Use for almost any business purpose


Whether you want to fund equipment, investment, growth or simply better manage your cash flow, the Recovery Loan Scheme can help you take your next step.


Fast decisions to help you kickstart your plans


Get a decision on your application in as little as 1 hour and the funds typically within 48 hours once you accept, meaning you can move forwards quickly.


They allow Lenders to support more businesses

This scheme was specifically introduced to help businesses access finance and gives the lender a 70% guarantee – allowing lenders to say yes to more businesses like you.


What is the Recovery Loan Scheme?

The new iteration of the Recovery Loan Scheme (RLS) launched in August 2022 and is designed to support access to finance for UK small businesses as they look to invest and grow.

The Recovery Loan Scheme aims to improve the terms on offer to borrowers. If we can secure a business loan on better terms, we will do so.

Businesses that took out a CBILS, BBLS, or RLS facility before 30 June 2022 are not prevented from accessing RLS from August 2022, although in some cases it may reduce the amount a business can borrow.

Recovery Loan Scheme-backed facilities are provided at the lenders discretion, and lenders are required to undertake our standard credit and fraud checks for all applicants.

Am I eligible for the Recovery Loan Scheme?

To be eligible to apply for the Recovery Loan Scheme with Funding Circle, you must:

  • Have a turnover of up to £45 million

  • Be trading in the UK for a minimum of 2 years

  • Be a limited company

  • Use the loan for a business purpose such as working capital or investment

  • Not be in difficulty or have any collective insolvency proceedings ongoing

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