Registering your interest
British Business Bank operates the Recovery Loan Scheme via its group of accredited lenders.
Please note the Recovery Loan Scheme is now closed to new applications from prospective lenders.
Through RLS, a lender can provide an eligible business with up to £10 million, with repayment terms of up to six years. This can be in the form of the following:
- Term loan
- Invoice finance
- Asset finance
RLS gives the lender a government-backed guarantee against the outstanding balance of the facility. The borrower always remains 100% liable for the debt.
If you’re borrowing £250,000 or less
The lender won’t take any form of personal guarantee.
If you’re borrowing more than £250,000
The lender has the discretion to decide whether to take personal guarantees. However:
- 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.
Only businesses that meet certain criteria qualify for RLS.
Frequently asked questions
We appreciate you might have questions about RLS and how it operates.
You can find answers on our FAQs page.
As well as RLS, the British Business Bank and its subsidiaries also run other programmes that may be of interest to providers of debt finance. For more information on these, see the ‘Our programmes’ tab at the top of this page.