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We now offer Government-backed Recovery Loans

The Recovery Loan Scheme is now available alongside our business loans. Apply today and we’ll assess the right product for you on the best possible terms.

  • Apply online in 10 mins

  • Decision in as little as 1 hour

  • Borrow £25,001 to £250,000

  • No fees to settle early

  • UK-based Account Managers

Funding Circle is accredited by the Government-owned British Business Bank to provide business loans of £25,001 to £250,000 under the Recovery Loan Scheme (RLS).

How a Government-backed loan can help your business

Use for almost any business purpose

Whether you want to fund equipment, investment, growth or simply better manage your cash flow, the Recovery Loan Scheme can help you take your next step.

Fast decisions to help you kickstart your plans

Get a decision on your application in as little as 1 hour and the funds typically within 48 hours once you accept, meaning you can move forwards quickly.

They allow us to support more businesses

This scheme was specifically introduced to help businesses access finance, and gives the lender a 70% guarantee – allowing us to say yes to more businesses like you.

What is the Recovery Loan Scheme?

The new iteration of the Recovery Loan Scheme (RLS) launched in August 2022 and is designed to support access to finance for UK small businesses as they look to invest and grow.

The Recovery Loan Scheme aims to improve the terms on offer to borrowers. If we can offer a Funding Circle business loan on better terms, we will do so.

Businesses that took out a CBILS, BBLS, or RLS facility before 30 June 2022 are not prevented from accessing RLS from August 2022, although in some cases it may reduce the amount a business can borrow.

Recovery Loan Scheme-backed facilities are provided at our discretion, and we are required to undertake our standard credit and fraud checks for all applicants.

Am I eligible for the Recovery Loan Scheme?

To be eligible to apply for the Recovery Loan Scheme with Funding Circle, you must:

  • Have a turnover of up to £45 million
  • Be trading in the UK for a minimum of 2 years
  • Be a limited company
  • Use the loan for a business purpose such as working capital or investment
  • Not be in difficulty or have any collective insolvency proceedings ongoing

Get a personalised quote without affecting your credit score

If you’re a limited company or LLP, you can get a Recovery Loan Scheme decision without affecting your credit score. So you can assess your options with complete peace of mind.

a woodworker looking at a laptop
  1. 1

    Check if you qualify in 30 seconds

    See if you qualify with no fuss

  2. 2

    Apply online in 10 minutes

    Tell us about you and your business in our online form

  3. 3

    Get your decision in as little as 1 hour

    If approved, you’ll get a personalised, no-obligation quote

  4. 4

    Funds paid out typically within 48 hours

    Once you accept your offer, we’ll deposit the funds into your account

Att Pynta

Att Pynta

"They were really responsive, it was great to have someone I could just call with questions."

Frequently asked questions

Legal Notice

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 the British Business Bank website.


Here to help if you need us

Contact our UK-based team if you have any questions