Support finder tool
Discover finance support available to you
- Learn more about managing your business in periods of economic uncertainty
- Help your business recover and prepare for growth
- Understand your growth finance options and ready your business for investment
Recovery Loan Scheme (RLS)
For businesses that are recovering after COVID-19
- Borrow £1,000–£10m in asset finance or invoice finance
- Borrow £25,001–£10m as a term loan or an overdraft
- Repay over a period of three months to six years
- Pay no more than 14.99% in combined interest and fees
- No personal guarantees when borrowing up to £250k
- To be eligible, you’ll need to meet certain conditions
Pay As You Grow (PAYG)
For businesses that took out a Bounce Back Loan
- Extend your repayment term from six to 10 years at the same fixed interest rate of 2.5%
- Reduce monthly repayments for six months by paying interest only
- Take a repayment holiday for up to six months (conditions apply)
Dealing with debt
For businesses that are struggling with repayments
- Explore resources around managing debt, bankruptcy and tax arrears
- Understand what you can do if you’re owed money, and how to get invoices paid on time
- Learn ways to improve your cashflow through credit control measures and cutting needless spending
