Recovery Loan Scheme (RLS)

Get the funding your business needs to rebuild after Covid-19 lockdowns.
Property Development Finance

Recovery Loan Scheme (RLS)

Secure the funding you need through the Recovery Loan Scheme (RLS). This government initiative supports businesses that have been hit by over a year of Covid-19 lockdowns and restrictions.

The Recovery Loan Scheme replaces previous grant and loan programmes such as the  Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS).

Property Development Finance
Property Development Finance

How the Recovery Loan Scheme can help your business

If your business needs an injection of capital in 2021 to help it recover from lockdowns, you should take a good look at your options under the Recovery Loan Scheme.

This initiative, backed by the UK government, is a business loan programme that’s open to all businesses that can show they have been impacted by the Covid-19 pandemic.

Wide range of options - Lenders will make the Recovery Loan Scheme available in various different ways, including loans, overdrafts and invoice finance.

Act now - You have just a few months in which to take advantage of this scheme. It runs from 6 April 2021 until 31 December 2021.

Open to all - Any UK business that’s viable, or would have been viable if the pandemic hadn’t hit, can apply.

Flexible - Loans, overdrafts and other finance facilities will be available for between £1k and £10m per business.
You stay in control - Once you have the cash, you decide how it’s used, as long as it’s for any legitimate purpose.

Add this to your previous support loan - If you’ve already borrowed under the Bounce Back or Coronavirus Business Interruption Loan Schemes (BBLS or CBILS), you can also apply under the Recovery Loan Scheme.

Panel of over 250 Lenders

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Use the Recovery Loan Scheme to build your business

Break your cashflow out of survival mode.
Grow market share with a promotional campaign.
Invest in new inventory.
Upgrade your equipment.
Hire new staff or train your current team.

Your Guide to Acquisition Finance

Recovery Loan Scheme FAQ 

Will the loans be secured or unsecured?Every lender will have different criteria for their Recovery Loan Scheme products. However, the government has stated that no personal guarantees will be taken on facilities up to £250k and a borrower’s principal private residence can’t be used as security.

Will there be credit checks on borrowers?The checks undertaken by lenders will vary. However, they will be required to perform credit and fraud checks. When assessing the recent performance of your business, the lenders are likely to take the impact of the Coronavirus pandemic into account.

How much will these loans cost?Interest and fees will be charged on loans and finance facilities arranged under the Recovery Loan Scheme. Each lender will have their own approach to these charges.

Would your business benefit from a loan or finance under the Recovery Loan Scheme?

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Our specialist consultants will help you, as our client, to assess all of these considerations, and more, as they assist in structuring a corporate finance solution for your needs. They will take your requirements into account as they determine what loan product is most appropriate, and decide who to approach from our panel of over 250 lenders.

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“  Perry & JD Capital Finance have been incredibly helpful from start to finish. They helped secure a CBILS package even when many lenders had stopped considering new applications. They've informed us of new developments every step of the way and have helped us through this uncertain time. Nice one, guys! ”

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Disclaimer: JD Capital Finance helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. JD Capital Finance can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. JD Capital Finance may receive a commission or finder’s fee for effecting such introductions.

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