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Recovery Loan Scheme (RLS)
Eligibility criteria for the government-backed lending scheme

What is RLS?

The Recovery Loan Scheme (RLS) launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.

RLS aims to help businesses affected by Covid-19 and can be used for business purposes, including, managing cashflow, investment and growth. It is designed to support businesses that can afford to take out additional finance for these purposes. Businesses who have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme.

Businesses who have taken out a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) or Bounce Back Loan Scheme (BBLS) facility are able to access the new scheme. The scheme will run until 31 December 2021, subject to review.

The Recovery Loan Scheme is designed to improve the terms on offer to your business. If we can offer you the choice of a commercial loan on better terms, without requiring the guarantee provided by the RLS, then we will do so.

The Scheme will run until 31 December 2021, subject to review.

  • Borrow between £25,001 and £10 million
  • Choose a repayment term between 1-6 years
  • A personalised quotation will be discussed after enquiry
  • Security may be required
  • No interest-free period, you must be able to afford repayments from month one
  • Other fees and charges may apply
  • Subject to full Credit assessment. Financial accounts and cashflow projections will be required.
  • You remain 100% liable for the loan, including any accumulated interest.

The Recovery Loan Scheme is managed by the British Business Bank on behalf of and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.


Whilst all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Go Commercial Finance for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstance. Specific advice should always be sought in each instance. 

Asset 5

Experienced Professionals to Support you Throughout

Go Commercial Finance Ltd has sector experienced professionals with in-depth knowledge of all lender criteria so we are ideally placed to satisfy all client requirements.

Your loan should be:

  1. Less than twice your annual wage bill for 2019 or the last available year, or;

  2. Less than a quarter of your 2019 total turnover, or;

  3. Less than you’d need to cover your regular expenses over the next 18 months (12 months if you employ more than 250 people).