FUNDING

Recovery Loan Scheme (RLS)

Find government-backed funding options now

We can now match you with a range of Recovery Loan lenders, including Starling and Funding Circle. Our tools and specialists help you see options across the entire market, get offers quickly and secure a loan in days.

How does it work?

What is the recovery loan scheme?

The Recovery Loan Scheme (RLS) replaced the government’s CBILS and Bounce Back programmes on Tuesday 6 April.

Like the other schemes, RLS aims to help businesses impacted by the pandemic. The funding can be used for activities like managing cashflow, investment and growth.

Will I be eligible for a Recovery Loan?

The government has set out four main criteria points:

  • Your business must be trading in the UK.

  • You will need to show that your business is viable (or would be viable were it not for the pandemic).

  • You must have been adversely affected by the coronavirus pandemic. 

  • You must not be in collective insolvency proceedings.

In addition, the lenders we’re working with have specified the following:

  • At least two years trading history – with a minimum turnover of 100k in your 2019 accounts.

  • Your business must have less than 250 employees.

You can request a call from our team who will assess your eligibility on an individual basis – and can explore the best options for you – simply search your business name to get started.


WHY USE FLUIDLY FOR FUNDING?

We’ll search the market for you

From financing a new piece of equipment to covering an unexpected VAT bill, you’re only seconds away from the right funding for your business.

There’s no obligation to proceed and we’ll do all the hard work.

Enter your details

Type your company name in the search bar and select your business.

See what's available

We find your details using public data and retrieve your pre-qualified offers.

Speak to the experts

If you’d like to proceed, our funding specialists can help with the rest.

 Everything you need to know

Frequently Asked Questions

IS THE RECOVERY LOAN SCHEME RIGHT FOR ME?

The Recovery Business Loan scheme aims to help businesses impacted by the pandemic. It can be used for any legitimate business purpose, including managing cashflow, investment and growth. 

You will be able to apply for a loan if your business is trading in the UK. You will need to show that your business is viable (or would be viable were it not for the pandemic), has been affected by the pandemic and is not in collective insolvency proceedings.

You can request a call from our team who will assess your eligibility on an individual basis.

HOW DO I APPLY FOR RLS FUNDING?

Simply enter your company details in the box above, and we’ll compile a range of personalised offers for you. One of our dedicated funding specialists will then give you a call, or you can call us directly to discuss making an application on 020 3510 8130.

HOW MUCH CAN I BORROW WITH THE RECOVERY LOAN SCHEME?

You can apply for term loans and overdrafts between £25,001 and £10m per business. Invoice finance and asset finance will also be available between £1,000 and £10m per business.

Can I apply for the Recovery Loan Scheme if I’ve had CBILS or BBLS support?

If you’ve received support under the existing government-backed loan schemes, you will still be eligible to access finance under this scheme, if your business meets all other eligibility criteria.

The maximum you can borrow will depend on their lender’s assessment and scheme requirements.

What lenders are taking part in the scheme?

New lenders under the scheme will be listed on the British Business Bank website as they become accredited. These are the lenders who have been announced so far.

HOW EXACTLY DO YOU CREATE MY OFFERS?

We use public information from Companies House and match that with our lending partners criteria and their underwriting to compile personalised, prequalified lending offers for you.

Once offers are accepted, they will be subject to further checks and full underwriting and satisfactory searches.

WILL SEARCHING FOR OFFERS AFFECT MY CREDIT SCORE?

Right now, the information we have to create your offers won’t affect your credit score as no credit search has been carried out and won’t be without your permission.

Once we get to an underwriter for review, they will need to carry out a soft search (which won’t impact on your credit score) although some lenders do run hard searches – which would potentially impact your credit rating.

You’re only a few seconds away from tailored funding options for your business.

Let us help you find the right funding in just a few simple steps.


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