Government Loan Schemes

Although government-backed coronavirus schemes have now ended, dozens of alternative products are still available. Whether you're looking to invest in growth or manage cash flow, Funding Options can help you find the right funding for your needs.

Government Loan Schemes
  • This quote won't affect your credit score
  • Dedicated Business Finance Specialist
  • Get access to 120+ lenders

Start your journey

  • This quote won't affect your credit score
  • Dedicated Business Finance Specialist
  • Get access to 120+ lenders

Government-backed support schemes were designed to help SMEs continue to trade, recover and grow during the coronavirus pandemic.

Whether you're starting a new enterprise or looking to grow, purchase necessary equipment or finance working capital needs, Funding Options can connect you to more than 120+ lenders, offering dozens of products that could enable you to secure the finance you need.

Covid-19: Finding an alternative business loan

If you're thinking about applying for the Recovery Loan Scheme, carefully consider your different options. There are many alternative finance products available now that might be better for your business. We work with 120+ lenders offering the widest selection of alternative finance products available, including: 

  • Unsecured Business Loans - finance of up to £750,000, no security. For businesses that don’t own many assets, don’t want to offer security or need finance quickly.

  • Revolving Credit Facilities - pre-approved funds with a rolling agreement. A good alternative to business overdrafts and often more accessible.

  • Asset Finance - finance for business assets, e.g. equipment and vehicles. Also enables you to release cash from the value in assets you already own.

  • Secured Business Loans - loans based on the assets owned by your business. These loans are suitable for businesses that own assets like commercial property, vehicles and machinery, or company directors that don’t want to offer a personal guarantee.

  • Property Finance - designed for property investors and businesses that need to ‘bridge a gap’ in finance. Bridging finance allows landlords and property developers to purchase a property before selling their existing asset.

  • Invoice Finance - if you regularly invoice as part of your businesses, you could be eligible for invoice finance — one of the best ways to ease cash flow problems and get paid faster for completed work.

  • eCommerce Finance - if you do business online, and are looking to grow your inventory or invest in your online presence, this could be the right finance to fuel the growth of your online business venture.

  • Structured Finance - use this finance to facilitate the sale and purchase of a company you are acquiring. There are a few types of Structured Finance options which include Management Buyout (MBO), Management Buyin (MBI), Leveraged Buyout/Buyin and Acquisition Finance.

Financial product information

Representative example*

7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56

*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.

Annual Percentage Rate

Rates from 2.75% APR

Repayment period

1 month to 30 years terms

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