Recovery Loan Scheme

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Recovery Loan Scheme

Government-backed loans

The RLS helped businesses grow after COVID-19.

It was extended and rebranded into the Growth Guarantee Scheme, starting 1 July 2024

Get a term loan, overdraft, asset finance, or another type of funding.

Alongside other criteria, your business must have a turnover up to £45m, earn 50% of its income from trading, and not be in difficulty

The government gives the lender a 70% guarantee in case you can’t repay your GGS loan. You will still be 100% liable for repayments

Recovery Loan Scheme (RLS) (inactive)

Growth Guarantee Scheme (GGS)

The government’s guarantee

BUSINESS LOANS

How does Funding Options work?

1

Tell us how much you need

We’ll ask a few questions about your business and the reason for your loan.

2

Get quotes instantly

Our smart technology will compare quotes from up to 120+ lenders to help you find the ideal business loan.

3

Apply for a Business Loan 🎉

We'll be there to guide you through every step of the process.

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FINANCE CALCULATOR

Estimate your repayments

Want to understand the cost of your loan?

Use our business loan calculator below to find out how much you can borrow to take your business to the next level.

Interest rates vary depending on the lender. Use 10% if you're unsure

Calculations are indicative only and intended as a guide only. The figures calculated are not a statement of the actual repayments that will be charged on any actual loan and do not constitute a loan offer.

Your estimate

Monthly payments

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Total interest

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Length of loan

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Total cost of loan

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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 Rates

Rates from 2.75% APR

Repayment period

1 month to 30 years terms

Trusted by over 21,430 customers

Disclaimer:

Funding Options 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. Funding Options can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. We are also able to make insurance introductions. Funding Options will receive a commission or finder’s fee for effecting such finance and insurance introductions.

*Eligibility criteria apply - see Tide website for full details.

Funding Options Ltd is incorporated and registered in England and Wales with company number 07739337 and registered office at 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL.

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