Recovery Loan Scheme (RLS)


The Government-backed Coronavirus Business Interruption Loan Scheme (CBILS), which has helped many of our business customers secure much needed funding through the first year of COVID, has now been replaced by the Recovery Loan Scheme (RLS) which launched on 6th April 2021.

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RLS supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.

Its aim is to help businesses affected by Covid-19 and can be used for business purposes, including, managing cashflow, investment and growth.

It is designed to support businesses that can afford to take out additional finance for these purposes.

Businesses who have taken out a CBILS, CLBILS or BBLS facility are also able to access the new scheme.

While a key objective of the Recovery Loan Scheme is to improve the terms on offer to businesses, if a lender can offer a business the choice of a commercial loan on better terms, without requiring the guarantee provided by the RLS, they should do so.

The Scheme will run until 31 December 2021, subject to review.

B2B Cashflow Solutions is accredited to provide business loans through RLS from £25,001 to £350,000 on repayment periods from 2 to 6 years through a platform of independently accredited lenders.


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Scheme features include:

  • Noting our facility criteria above, each bank and independent lender has its own discretion within the headline parameters launched by the British Business Bank. These are:
  • The maximum amount of a facility provided under the scheme is £10m per business (maximum £30m per group). Minimum unsecured loans from £25,001.
  • Term loans are available from three months, for up to six years.
  • Interest and fees to be paid by the borrower from the outset: Businesses are required to meet the costs of interest payments and any fees associated with the RLS facility.

  • Access to multiple Covid-19 schemes: Businesses that have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme although the amount they have borrowed under a previous scheme may in certain circumstances limit the amount they may borrow under RLS.

  • There are NO Personal guarantees for facilities of up to £250,000.

  • Above £250,000 the maximum amount that can be covered under RLS is capped at a maximum of 20% of the outstanding balance of the RLS facility after the proceeds of business assets have been applied. No personal guarantees can be held over Principal Private Residences.
Find out more about Recovery Loan Scheme (RLS)

Call 01508 494 345 or email us

RLS Eligibility Criteria.

  • The borrower must confirm to the lender that it has been impacted by Covid-19.
  • The borrower must be carrying out trading activity in the UK.
  • The lender will consider that the borrower has a viable business proposition but may disregard any concerns over its short-to-medium term business performance due to the uncertainty and impact of Covid-19.
  • Lenders will be required to undertake credit and fraud checks for all applicants. The checks and approach may vary between lenders.
  • There is no turnover restriction for businesses accessing the scheme.

The following are not eligible under RLS:

  • Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers)
  • Public sector bodies.
  • State funded primary and secondary schools.

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What information is required?

As with the Government-backed Bounce Back Loan (BBL) and the Coronavirus Business Interruption Loan (CBIL), our RLS loan application will require certain information documents.

These will include (but are not limited to):

  • Latest year-end financial accounts
  • Current trading period management accounts
  • 3-month bank statements
  • A breakdown of existing debt (including existing BBL/CBIL/CLBIL loans)
  • Details of the impact COVID has had on the business
  • Rationale for the loan, and the beneficial impact it will have for the business

Decision-making on whether a business is eligible for RLS is fully delegated to the British Business Bank’s accredited RLS lenders.


The legal bit:

The Recovery Loan Scheme provides the lender with a government-backed guarantee against the outstanding balance of the facility. The borrower always remains 100% liable for the debt.

RLS is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.


Visit http://www.british-business-bank.co.uk/recovery-loan-scheme 

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Find out more about Recovery Loan Scheme (RLS)

Call 01508 494 345 or email us