Business financing simplified

Recovery Loan Scheme

Rated EXCELLENT on Trustpilot

Funding Bay has so far helped raise over £100 million for UK businesses

Business financing simplified

What is The Recovery Loan Scheme?

The new Government backed Recovery Loan Scheme (RLS), launched on 6 April 2021, to support businesses across the UK as they recover and grow from COVID-19 pandemic.

The RLS is open to all businesses, including those who have already received support under the existing COVID-19 guaranteed loan schemes.

Businesses of any size can access loans and other kinds of finance of up to £10 million from one of the four facilities  –>

Some of our lenders

Term Loan

Asset Finance

Invoice Finance


Key features of the scheme

Up to £10 Million

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

Term length

For term loans and asset finance facilities: from three months up to six years. For overdrafts and invoice finance facilities: from three months up to three years.

Turnover limit

There is no turnover restriction for businesses accessing the scheme.

Access to multiple schemes

Business that received support under the earlier COVID-19 guaranteed loan schemes are still eligible to access finance under this scheme if they meet all other eligibility criteria

Personal guarantees

No personal guarantees will be taken on facilities up to £250,000, and a borrower’s principal private residence cannot be taken as security.

Guarantee to the Lender

The government guarantees 80% of the finance to the lender. As the borrower, you are always 100% liable for the debt.

Set Up A Consultation

Drop your details in the form below and we’ll get back to you within 24 hours

Use our business loan calculator to match with lenders