Recovery Loan Scheme

Provide will instantly match you with lenders who fit your specific loan criteria. When you submit an application, Provide gives you access to: Flexible borrowing solutions, Expedited decision making, and Expert support.

Provide will instantly match you with lenders who match your specific loan criteria.

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Recovery Loan Scheme

The Recovery Loan Scheme has been devised to boost UK businesses struggling in the current economic climate. The scheme was announced by the Chancellor in the latest budget and has replaced the previous government loan schemes such as the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme.

 The scheme will run until 30 June 2024 .

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200 trusted lenders

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At a Glance

Who is Eligible

-UK Trading Companies
-Small or Medium Sized Enterprises
-Private Limited Companies
-Limited Liability Partnerships
-Public Limited Companies
-Sole Traders


 
What You Need

Proof of business in the UK, and a borrowing proposal that the lender would consider viable were it not for the current economic climate. You must also prove that you are not a business in difficulty, or in any relevant insolvency proceedings.


 
What to Expect

Loans of up to £2 Mil. which can be used for any legitimate business purpose. Unlike previous versions of this scheme, as of August 2022 businesses will no longer be required to certify that they have been affected by the COVID-19 pandemic.


 
We Can Help

Our team of experts can help with your application and outline all of the possible options for your Recovery Loan possibilities. We have a clear understanding of what lenders are looking for, and will help you compile all of the necessary documents for an impressive application.


 

Together, We Go Far

Provide is an award-winning finance platform that instantly matches your loan enquiry with over 200 lenders who suit your specific criteria.

 

If you’re looking for the Recovery Loan Scheme, Provide offers support from application to full funding, giving you access to fintech powered resources and a helpful team of finance experts to make the process as simple as possible.

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If you want to explore other commercial finance options available you can either take a look at our Business Finance pages or connect with one of our financial experts.

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[Provide] has been a breath of fresh air to have in the industry...a ‘must have’ in the fast-moving property industry.

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Use the Comparison Tool to see how your existing offer matches up to Provide’s growing number of lenders.

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1. Submit Enquiry

You post an enquiry onto the platform using the enquiry form.

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3. Connect with Lenders

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