Become an RLS accredited lender

Registering your interest

British Business Bank operates the Recovery Loan Scheme via its group of accredited lenders.

Please note the Recovery Loan Scheme is now closed to new applications from prospective lenders.

Finance products

Through RLS, a lender can provide an eligible business with up to £6 million, with repayment terms of up to six years. This can be in the form of the following:

  • Term loan
  • Overdraft
  • Invoice finance
  • Asset finance


RLS gives the lender a government-backed guarantee against the outstanding balance of the facility. The borrower always remains 100% liable for the debt.

If you’re borrowing £250,000 or less

The lender won’t take any form of personal guarantee.

If you’re borrowing more than £250,000

The lender has the discretion to decide whether to take personal guarantees. However:

  • the maximum amount that can be covered under RLS is capped at a maximum of 20% of the outstanding balance of the RLS facility after the proceeds of business assets have been applied
  • no personal guarantees can be held over Principal Private Residences.

Eligible businesses

Only businesses that meet certain criteria qualify for RLS.

Learn more about the conditions for eligibility

Frequently asked questions

We appreciate you might have questions about RLS and how it operates.

You can find answers on our FAQs page.

Other programmes

As well as RLS, the British Business Bank and its subsidiaries also run other programmes that may be of interest to providers of debt finance. For more information on these, see the ‘Our programmes’ tab at the top of this page.