
Recovery Loan Scheme
How does the recovery loan scheme work and is it the right loan solution for your business?
How does the Recovery Loan Scheme work?
Who are the lenders?
The Recovery Loan Scheme is available through lenders accredited by the British Business Bank. New lenders under the scheme will be listed on the British Business Bank website as they become accredited.
Who is eligible for the Recovery Loan Scheme?
The scheme is available to businesses trading within the UK. Businesses must be able to prove that they would be viable were it not for the pandemic, have been impacted by the pandemic and are not subject to insolvency proceedings.
How much can I borrow?
Term loans and overdrafts starting at £25,000 will be available, as well as asset and invoice finance facilities starting at £1,000, all finance options will be capped at £10 million.
Loans and asset finance facilities are available for up to six years, whereas overdrafts and invoice finance facilities available for up to three years.
Are businesses from all sectors be eligible to apply for the recovery loan scheme?
The following business sectors are exempt from applying:
- Banks, building societies, insurers and reinsurers
- Public-sector bodies
- State-funded primary and secondary schools
I have already taken out a Covid-19 government scheme, am I still be eligible for the recovery loan scheme?
Yes, the government have confirmed that businesses who have received previous financial aid during the pandemic, are eligible to access finance under this scheme, providing they meet the other eligibility requirements.
Have you thought about Invoice Finance as a cash flow solution for your business?
Invoice finance allows you to release cash quickly from your unpaid invoices.
As your lender, we can release up to 90% of your invoices within 24 hours. On payment of the invoice from your customers, we will then release the final amount minus any fees and charges. There are different types of invoice financing options available to businesses depending on the situation and the level of control they require in collecting unpaid invoices.
We are an invoice financing company who offer a solution whereby payments are collected on your behalf managed by our team of expert credit controllers so you can focus on running your business. Our Confidential Invoice Discounting solution is offered to businesses who want to maintain their own credit control processes, therefore this remains strictly confidential so your customers are unaware of our involvement.

Get in touch
Contact our friendly UK advisors on our freephone
0808 250 0859
8:45 - 17:15 - Monday to Thursday &
8:45 - 16:45 - Friday
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