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.
Find your funding now
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 .
Connect with over
200 trusted lenders
At a Glance
Who is Eligible
-UK Trading Companies
-Small or Medium Sized Enterprises
-Private Limited Companies
-Limited Liability Partnerships
-Public Limited Companies
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.
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.
We Provide Answers
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.
What They Say
Compare your Funding
Provide instantly delivers you the best possible options for your financial needs.
Use the Comparison Tool to see how your existing offer matches up to Provide’s growing number of lenders.
How it Works
1. Submit Enquiry
You post an enquiry onto the platform using the enquiry form.
2. Matching Engine
Our platform sources funding options from our pre-approved lenders.
3. Connect with Lenders
Speak directly to our lenders. Progress your deal, with the full support of our finance specialists.
4. Chat to Support
We offer step by step support to help you get the best deal possible. Use our live chat, or call 0800 772 3180