6 months interest-only payments Borrow up to £350,000 Rates of 8.49% to 10.59% 4, 5 and  6 year terms

Apply for a business loan through the Recovery Loan Scheme

MarketFinance is accredited to provide business finance through the Government's Recovery Loan Scheme. Apply for an business recovery loan of between £50,000 and £350,000 below, or connect with the team to check if you're eligible.

Just pay interest for the first 6 months.


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 cash flow, investment and growth. It’s 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.

A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses, but if a lender can offer a business the choice of a commercial loan on better terms, without requiring the guarantee provided by the RLS, they should do so.

At the 2021 Autumn Budget, the government announced that the Recovery Loan Scheme will be extended by six months to 30 June 2022. Changes will apply to all offers made from 1 January 2022.


Under the Recovery Loan Scheme (RLS) at MarketFinance, you could get...

  • Between £50,000 and £350,000

  • Repayable over 4, 5 and 6 year terms

  • 6 months' interest-only payments

  • An arrangement fee capped at 4%

  • Rates at 8.49% to 10.59%

  • No personal guarantee up to £250,000

Find out how the School of Sign Language is using its Recovery Loan

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Read about how other businesses are using their recovery loans below.

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Recovery Loan Scheme FAQs

  • What is the Recovery Loan Scheme?

  • The Recovery Loan Scheme (RLS) launched on 6 April 2021. The scheme is designed to help UK businesses access finance as they recover and grow following the COVID-19 pandemic. RLS aims to support businesses affected by COVID-19 and can be used for a wide range of business purposes including managing cash flow, investment and growth. The Recovery Loan Scheme will run until 30 June 2022, subject to review.
  • What term lengths are available on an RLS loan?

  • We offer repayment terms of 4, 5 and 6 years on a MarketFinance RLS loan. Term loans and asset finance facilities are available from other providers under the scheme from three months, for up to six years, with overdrafts and invoice finance available from three months, for up to three years.
  • What sort of businesses are eligible for a recovery loan?

  • If you can prove your business has been affected by the coronavirus pandemic, then a loan through the Recovery Loan Scheme could be a good fit.Your business must also:
    • Be a UK-registered limited company
    • Be carrying out trading activity in the UK
    • Have a turnover of £200,000 - £45,000,000
    • Have been trading for 3 years or more
    • Have a director who is lives in the UK
    • Have an applying director who is a UK homeowner
    • Be currently trading and profit-making
    • Be able to confirm to us that your business has been impacted by COVID-19
    • Be able to provide your last 6 months’ bank statements and latest statutory accounts
    • Not have any unpaid CCJs worth more than £250
    • Not be currently facing any insolvency or bankruptcy procedures
    There’s a list of sectors already excluded by the British Business Bank in their RLS eligibility criteria. In addition to these sectors, we currently can’t support real estate, or international travel with an RLS loan.Like any other business loan application, MarketFinance will be required to undertake credit and fraud checks for all applicants. The checks and approach may vary between other lenders. We will consider that your business has a viable business proposition but may disregard any concerns over its short-to-medium term business performance due to the uncertainty and impact of Covid-19.
  • Are there any businesses that can't apply for a recovery loan?

  • Yes, there are some businesses that aren’t eligible to apply for funding through the Recovery Loan Scheme.

    These are:

    • Banks, building societies, insurers and reinsurers (excluding insurance brokers)
    • Public sector bodies
    • State funded primary and secondary schools
  • How much will I pay for a recovery loan?

  • When you repay a loan, the amount you pay is made up of the principal (the funds you borrowed) and interest (paid on the funds you borrowed). With an RLS loan from MarketFinance, your first 6 months of repayments will be interest-only to assist with your cashflow. After that, you’ll pay both the principal and the interest.

    Interest rates range between 8.49% to 10.59 and you’ll know exactly what your specific interest rate will be upfront. No hidden fees, no surprises.

    Interest and fees are to be paid by you from the outset: Businesses are required to meet the costs of interest payments and any fees associated with the Recovery Loan Scheme facility.
  • Who is responsible for repaying my RLS loan?

  • The scheme provides MarketFinance with a government-backed guarantee against the outstanding balance of the facility. You (the borrower) will always be 100% responsible for repaying any debt that you incur through the Recovery Loan Scheme.
  • Will I be charged if I pay off my loan early?

  • No, you can settle your loan early at no extra charge.


  • What documents do I need to apply?

  • Every business that applies will need bank statements for the last 6 months and their latest statutory accounts. You may also be asked to provide a few extra pieces of information based on your specific business and unique funding needs.
  • Will I have to put down a personal guarantee?

  • Under the Recovery Loan Scheme, personal guarantees are not permitted for facilities of £250,000 or less. Above £250,000 the maximum amount that can be covered under RLS is capped at 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.
  • What’s the most I can borrow under RLS?

  • Since October 2021, businesses have been able to apply for up to £350,000 through MarketFinance. There are also other accredited providers under the scheme who might offer other funding solutions. The maximum amount of funding you can apply for through the Recovery Loan Scheme is £2,000,000 per business (or a maximum of £6,000,000 per group).
  • Can I apply for a business recovery loan if I already have CBILS funding?

  • Yes! Businesses that have taken out a CBILS facility are able to access the new scheme although the amount you have borrowed under a previous scheme may in certain circumstances limit the amount you may borrow under RLS.
  • Can I apply if I’ve been refused credit in the past?

  • Yes, you can still apply for a business recovery loan even if you’ve been declined for a business loan in the past. Situations that would affect your ability to apply include insolvency proceedings such as filing for bankruptcy or outstanding County Court Judgements relating to your business or its directors.
  • Can I apply for a recovery loan if I’m an existing MarketFinance customer?

  • Yes! Existing customers who have invoice finance, a business loan or a CBILS loan are more than welcome to apply for a loan through the Recovery Loan Scheme.

The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cash flow and a list of independent advice services.

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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.

Visit british-business-bank.co.uk/recovery-loan-scheme

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