The Recovery Loan Scheme supports small and medium-sized businesses to access the finance they need to grow and invest. Finance can be used for any legitimate business purpose, including working capital or investment.n The scheme makes available up to £2 million per business group and up to £1 million for business groups in scope of the Northern Ireland.

In early 2024 the key government lending programme was extended for another two years following pleas from Britain’s army of small businesses.

The actual amount and terms offered are at the discretion of participating lenders. The government guarantees 70% of the finance to the lender.  You may be eligible for a loan through the Recovery Loan Scheme if your business is trading in the UK, has a turnover of £45 million or less and you need to show that your business is viable. 

The maximum length of the facility depends on the type of finance you apply for and will be up to 6 years for loans and asset finance facilities and up to 3 years for overdrafts and invoice finance facilities.

Provide Finance helps you get the recovery loan scheme you want, fast.  With access to over 200 approved lenders, all with competing rates and terms to secure your business, we can put your enquiry in front of a range of pre-approved lenders where you can screen, shortlist and choose. Start matching today.