Recovery Loan Scheme (RLS)

Get the funding your business needs to rebuild after COVID-19.
Property Development Finance

Recovery Loan Scheme (RLS)

Secure the funding you need through the Recovery Loan Scheme (RLS). This government initiative supports businesses that have been hit by over a year of Covid-19 lockdowns and restrictions.

The Recovery Loan Scheme replaces previous grant and loan programmes such as the  Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS).

This initiative, backed by the UK government, is a business loan programme that’s open to all businesses that can show they have been impacted by the Covid-19 pandemic.

Wide range of options - Lenders will make the Recovery Loan Scheme available in various different ways, including loans, overdrafts and invoice finance.

Act now - On 20th July 2022 the UK government announced the extension of the Recovery Loan Scheme. Act Now to take advantage of the scheme, today.

Open to all - Any UK business that’s viable, or would have been viable if the pandemic hadn’t hit, can apply.

Flexible - Loans, overdrafts and other finance facilities will be available for between £1k and £10m per business.

You stay in control - Once you have the cash, you decide how it’s used, as long as it’s for any legitimate purpose.

Add this to your previous support loan - If you’ve already borrowed under the Bounce Back or Coronavirus Business Interruption Loan Schemes (BBLS or CBILS), you can also apply under the Recovery Loan Scheme.

Panel of over 250 Lenders

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Use the Recovery Loan Scheme to build your business

Break your cashflow out of survival mode.
Invest in new inventory.
Upgrade your equipment.
Hire new staff or train your current team.

Loan Recovery Scheme FAQ

Will the loans be secured or unsecured?
Every lender will have different criteria for their Recovery Loan Scheme products. However, the government has stated that no personal guarantees will be taken on facilities up to £250k and a borrower’s principal private residence can’t be used as security.

Will there be credit checks on borrowers?
The checks undertaken by lenders will vary. However, they will be required to perform credit and fraud checks. When assessing the recent performance of your business, the lenders are likely to take the impact of the Coronavirus pandemic into account.

How much will these loans cost?
Interest and fees will be charged on loans and finance facilities arranged under the Recovery Loan Scheme. Each lender will have their own approach to these charges.

Would your business benefit from a loan or finance under the Recovery Loan Scheme?


Construction Finance
Agricultural Finance
Manufacturing Finance
Pharmaceutical Finance
Restaurant Finance
Wholesale Finance
Retail Finance
Recruitment Finance
IT Finance
Transport & Logistics Finance
Automotive Finance
Healthcare Finance

Our specialist consultants will help you, as our client, to assess all of these considerations, and more, as they assist in structuring a corporate finance solution for your needs. They will take your requirements into account as they determine what loan product is most appropriate, and decide who to approach from our panel of over 250 lenders.


“  Perry & JD Capital Finance have been incredibly helpful from start to finish. They helped secure a CBILS package even when many lenders had stopped considering new applications. They've informed us of new developments every step of the way and have helped us through this uncertain time. Nice one, guys! ”

Reviews from our clients

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Disclaimer: MexLucky (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 13182103) helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. MexLucky can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. MexLucky may receive a commission or finder’s fee for effecting such introductions.
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