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 * Business Loans
    * Small Business Loans
      
      Borrow £10,000 to £500,000 with an affordable small business loan.
   
    * Recovery Loan Scheme
      
      Borrow £25,001 to £350,000 to manage the financial impact of Covid-19 with
      a Recovery loan.
   
    * How To Get a Business Loan
      
      Find out how to get a business loan with our step by step guide.
   
    * Business Loan Calculator
      
      Find out how much you can borrow with our small business loan calculator.
   
    * Self Employed Loans
      
      The best business loan option for sole traders and self-employed business
      owners.
   
    * Unsecured Business Loans
      
      Borrow up to £250,000 without having to use your business assets as
      collateral.

 * FlexiPay
    * FlexiPay
      
      FlexiPay helps you pay for invoices, buy big ticket items and make other
      payments and spread the cost over 3 months.
   
    * Business Charge Card
      
      Pay for everyday expenses and earn 1% cashback with our new Business
      Charge Card.

 * About us
    * How It Works
      
      Find out how Funding Circle works so that we all benefit from each other
   
    * Why Funding Circle?
      
      Understand why Funding Circle is the best business loan option for
      borrowers and investors.
   
    * Contact Us
      
      Get in touch if you have any questions or queries on our product or
      services and we will do our best to answer any of your questions.
   
    * Careers
      
      Find information on our latest job offers and careers and discover why
      Funding Circle is a great place to work.
   
    * Diversity & Inclusion
      
      Discover how diversity and inclusion drive innovation at Funding Circle so
      that we can deliver exceptional customer services and employee experience.
   
    * Introducers
      Partner API
      Institutional Investors

 * More
    * Resources
      
      Discover our small business resources to find helpful tips and guides on
      how to move your business forward.
   
    * How It Works
      
      Find out how Funding Circle works so that we all benefit from each other.
   
    * Why Funding Circle?
      
      Understand why Funding Circle is the best business loan option for
      borrowers and investors.
   
    * Contact Us
      
      Get in touch if you have any questions or queries on our product or
      services and we will do our best to answer any of your questions.
   
    * Careers
      
      Find information on our latest job offers and careers and discover why
      Funding Circle is a great place to work.
   
    * Diversity & Inclusion
      
      Discover how diversity and inclusion drive innovation at Funding Circle so
      that we can deliver exceptional customer services and employee experience.
   
    * Introducers
      Partner API
      Institutional Investors

 * Resources
   
 * Apply Now

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 * Business Loans
    * Small Business Loans
      
      Borrow £10,000 to £500,000 with an affordable small business loan.
   
    * Recovery Loan Scheme
      
      Borrow £25,001 to £350,000 to manage the financial impact of Covid-19 with
      a Recovery loan.
   
    * How to get a business loan
      
      Find out how to get a business loan with our step by step guide.
   
    * Business Loan Calculator
      
      Find out how much you can borrow with our small business loan calculator.
   
    * Self Employed Loans
      
      The best business loan option for sole traders and self-employed business
      owners.
   
    * Unsecured Business Loans
      
      Borrow up to £250,000 without having to use your business assets as
      collateral.

 * FlexiPay
    * FlexiPay
      
      FlexiPay helps you pay for invoices, buy big ticket items and make other
      payments and spread the cost over 3 months.
   
    * Business Charge Card
      
      Pay for everyday expenses and earn 1% cashback with our new Business
      Charge Card.

 * About us
    * How It Works
      
      Find out how Funding Circle works so that we all benefit from each other
   
    * Why Funding Circle?
      
      Understand why Funding Circle is the best business loan option for
      borrowers and investors.
   
    * Contact Us
      
      Get in touch if you have any questions or queries on our product or
      services and we will do our best to answer any of your questions.
   
    * Careers
      
      Find information on our latest job offers and careers and discover why
      Funding Circle is a great place to work.
   
    * Diversity & Inclusion
      
      Discover how diversity and inclusion drive innovation at Funding Circle so
      that we can deliver exceptional customer services and employee experience.
   
    * Introducers
      Partner API
      Institutional Investors

 * Resources
   
 * Apply Now

0800 048 2467
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APPLY FOR THE GOVERNMENT’S RECOVERY LOAN SCHEME


WE PROVIDE SPECIALIST SMALL BUSINESS FINANCE INCLUDING LOANS UNDER THE
GOVERNMENT’S RECOVERY LOAN SCHEME (RLS).

Get started or Apply now
 * Borrow £25,001 to £350,000
 * Rates of 9.1% - 12.1% p.a.
 * Terms from 2 to 6 years
 * No early settlement fees

Excellent

12088 reviews

Funding Circle is accredited by the Government-owned British Business Bank to
provide business loans of £25,001 to £350,000 under the Recovery Loan Scheme
(RLS). Read more.


WHAT IS THE RECOVERY LOAN SCHEME (RLS)?

The Recovery Loan Scheme (RLS) launched on 6 April 2021 and supports access to
finance for UK businesses as they recover and grow following the Covid-19
pandemic. The scheme aims to help businesses affected by Covid-19 and can be
used for business purposes, including managing cashflow, investment and growth.

Businesses who have taken out a Coronavirus Business Interruption Loan Scheme
(CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) or Bounce
Back Loan Scheme (BBLS) facility are able to access the new scheme.

To help us to say yes to more businesses, the government provides a guarantee.
This guarantee is to the lender, not the business, and you remain 100% liable
for the debt. If approved, you’re required to pay the loan interest from the
outset and the upfront fee. If we can offer you a loan for the same amount on
similar or better terms without RLS, we will do so.


WHEN WILL THE RECOVERY LOAN SCHEME (RLS) END?

At Autumn Budget 2021, the government announced that the Recovery Loan Scheme
will be extended by six months to 30 June 2022, with changes applying to all
offers made from 1 January 2022.


AM I ELIGIBLE FOR A RECOVERY LOAN?

To receive a loan from Funding Circle under the Government’s Recovery Loan
Scheme (RLS), you’ll need to meet the following criteria:

 * Business has been impacted by coronavirus
 * Minimum of 2 years’ trading history
 * Business is trading in the UK
 * Loan is for business purposes (i.e. working capital or investment, and to
   support trading in the UK)
 * Annual turnover of up to £45 million

To help as many businesses as possible, we’ll look at a business' performance
over a longer period of time to assess whether it has a viable business
proposition regardless of the impact of Covid-19.

--------------------------------------------------------------------------------

YOU COULD APPLY FOR A RECOVERY LOAN TO:

 * Access cash flow
 * Grow your business
 * Purchase equipment
 * Pay a one-off cost
 * Help with payroll
 * Invest in marketing

Check your eligibility in 30 seconds with our online form without affecting your
credit score.

Check your eligibility


HOW TO APPLY FOR A RECOVERY LOAN

It’s quick and easy to apply for small business finance online and our support
team are on hand if you have any questions.

 1. CHECK IF YOU QUALIFY IN 30 SECONDS
    
    See if you’re eligible without affecting your credit score.

 2. APPLY ONLINE IN 10 MINUTES
    
    Tell us about you and your business with our simple application.

 3. GET YOUR DECISION
    
    If approved, you’ll receive a no-obligation, personalised quote.

 4. YOUR LOAN IS FUNDED
    
    Once you accept, we run some final checks to process your loan and deposit
    the money straight into your account.

Apply now

HERE TO HELP IF YOU NEED US

Our UK-based team are here to help throughout your loan.

0800 048 2467

Need help? Call us.

--------------------------------------------------------------------------------

> Brilliant service and every step is made to be as easy and straight forward as
> possible.

Mel, March 2021
Excellent

12088 reviews


FREQUENTLY ASKED QUESTIONS

How to get a Recovery loan?

You can apply for the Recovery Loan Scheme (RLS) using our simple online form.
We’ll then assess your application and confirm whether we can offer you a
Recovery Loan or a small business loan.

Is a Recovery loan right for me?

If your business has been affected by the coronavirus pandemic and you’re
looking for extra funding, the Recovery Loan Scheme (RLS) could be a good option
for you.

How much can I borrow with a Recovery loan?

At Funding Circle we offer Recovery Loans from £25,001 to £350,000. If you’d
like to borrow more, the scheme goes up to £2 million per business (maximum £6
million per group).

Can I apply for the Recovery Loan Scheme (RLS) even if I already have a CBILS or
Bounce Back loan?

Yes you can get a Recovery loan if you have a Government scheme loan already,
and there is no requirement to refinance any existing Government debt such as a
Bounce Back loan.

The maximum you can borrow is 25% of your annual turnover, and this cap includes
any outstanding debt under the CBILS, CLBILS or RLS schemes. However, Bounce
Back loans are not included in this limit.

How much will a Recovery loan cost?

The amount your Recovery Loan will cost will depend on the amount of money you
want to borrow, your interest rate and your loan term. We charge a one-off
completion fee when you take out your loan, and your interest rate will be
calculated based on a number of factors, including your credit score and
financials for business lending.

There’s also no fee if you want to settle the loan early. All our loans are
fixed rate, so you’ll know exactly how much you’ll need to repay each month and
what the cost of borrowing is.

What if I’ve been refused credit in the past?

If you’ve been refused credit in the past, whether that’s through a previous
Government coronavirus loan scheme or a traditional business loan, you may still
be able to apply for the Recovery Loan Scheme (RLS). If you meet the eligibility
criteria, your provider will review your application and make decisions on a
case-by-case basis. Providers are required to undertake their own credit
assessments and therefore decisions may vary depending on the provider.

Do I need a personal guarantee for a Recovery loan?

The Recovery Loan Scheme (RLS) doesn’t require personal guarantees on loans up
to £250,000. If you wish to borrow more than this, you will be required to
provide a personal guarantee.

Legal notice

The Recovery Loan Scheme (RLS) aims to improve the terms on offer to businesses.
If we can offer you a Funding Circle business loan for the same amount on
similar or better terms without requiring the guarantee provided by the scheme,
we will do so. It's important to note that if you are approved for a Recovery
loan, the business is required to pay interest and fees from the outset.

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.

122,000 businesses have financed their goals by borrowing £13.7 billion through
Funding Circle.

£13.7 billion
Lent to businesses


RELATED RESOURCES

Learn more about your options for small business loans


BUSINESS LOAN CALCULATOR

Find out how much a loan could cost with our business loan calculator.

Learn more


RESOURCE CENTRE

Find guides, tips and more in our dedicated resource centre for small business
owners.

Learn more


BUSINESS LOANS

Learn what you can borrow for, how to apply and how we’ll help you with a quick
decision.

Learn more


HOW IT WORKS

See how our business loans work and how we can help you go further.

Learn more


RECOVERY LOAN SCHEME

Apply for the Government's Recovery Loan Scheme

Learn more


SECURED OR UNSECURED LOANS

Understand the difference between the two and find the right option for your
business.

Learn more

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.
Follow the link for more information.

WE’RE HERE TO HELP

Contact our team if you have any questions.

0800 048 2467

Need help? Call us.

SMALL BUSINESS LOANS

Learn how a fast, affordable loan could help your business.

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BRITISH BUSINESS BANK RESOURCES

Find guidance and resources for managing cash flow, and independent advice
services.

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Investment through Funding Circle involves lending to small and medium sized
businesses, so your investment can go down as well as up.

Funding Circle Limited is authorised and regulated by the Financial Conduct
Authority under firm registration number 722513. Funding Circle is not covered
by the Financial Services Compensation Scheme. Registered in England (Co. No.
06968588) with registered office at 71 Queen Victoria Street, London, EC4V 4AY.

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The Government-backed Recovery Loan Scheme (RLS) aims to help businesses access
finance as they recover and grow following the Covid-19 pandemic. Businesses who
have taken out a Coronavirus Business Interruption Loan Scheme (CBILS),
Coronavirus Large Business Interruption Loan Scheme (CLBILS) or Bounce Back Loan
Scheme (BBLS) facility can apply. At the Autumn Budget 2021, the government
announced that the Recovery Loan Scheme will be extended by six months to 30
June 2022.

You can apply for a Recovery loan of £25,001 to £350,000 through Funding Circle,
with interest rates from 9.1% to 12.1% per year.

For full eligibility criteria, read more about the Recovery Loan Scheme.

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.
Find more information here.