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Recovery Loan Scheme

The Recovery Loan is a government backed loan Scheme to help businesses who have been affected by the pandemic to recover and transition back to business as normal.

Key Features

  • Loans from £25,001 to £10 million
  • Invoice or Asset Finance from £1,000 to £10 million
  • Up to 6 year terms for loans & asset finance facilities
  • Up to 3 year terms for Invoice Finance facilities
  • The government guarantees 80% of the finance to the lender
  • Scheme open until 31st December 2021


  • Business must be trading in the UK

You must show that your business:

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

Businesses from any sector can apply except:

  • banks, building societies, insurers and re-insurers (excluding insurance brokers)
  • public sector bodies
  • state-funded primary and secondary schools

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