
Business Finance Support
The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.
The new iteration of the Recovery Loan Scheme (RLS) is designed to support access to finance for UK small businesses as they look to invest and grow.
The Recovery Loan Scheme aims to improve the terms on offer to borrowers. If Barclays can offer a commercial loan on better terms, we will do so.
Businesses that took out a CBILS, CLBILS, BBLS or RLS facility before 30 June 2022 are not prevented from accessing this new iteration of RLS, although in some cases it may reduce the amount a business can borrow.
Recovery Loan Scheme-backed facilities are provided at the discretion of the lender. Lenders are required to undertake their standard credit and fraud checks for all applicants.
Our relationship teams are here to support you, so please do not hesitate to get in touch with your relationship contact for assistance as needed. They will be able to discuss whether an RLS is right for your business, and help you with your application.
You will need to provide certain documents when you apply for an RLS-backed facility. These are likely to include:
1The 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 www.british-business-bank.co.uk/recovery-loan-scheme^
2The following are not eligible under RLS: Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers), public sector bodies, state funded primary and secondary schools.
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