Recovery Loan Scheme

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COVID-19 - business continuity - UK.

(RLS).

The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.

The RLS runs from April 6, 2021 until December 31, 2021, subject to review.


Under the RLS UK businesses of any size can apply for a loan or overdraft between £25,000 and £10m until the end of 2021.

Asset and invoice finance between £1,000 and £10m is also available.

All have a Government guarantee of 80 per cent.


Finance terms are up to six years for term loans and asset finance facilities.

For overdrafts and invoice finance, terms are up to three years.

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


Like CBILS and the Bounce Back Loans, RLS is available through a network of accredited lenders.


See also


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

UK government: COVID-19 support hub