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The Recovery Loan Scheme - borrow from £25,000 to £10 million with GSM Finance

Updated: Aug 15, 2022

Great news for UK businesses! The Recovery Loan Scheme (RLS) has been extended until 30th June 2022...

The Recovery Loan Scheme is designed to help UK businesses impacted by COVID-19. Launched on the 6th April 2021 in place of the previous COVID-19 debt schemes, the Recovery Loan Scheme provides companies of all sizes with government-backed guarantees to present to lenders. This allows access to the funding and assets that such companies need to recover; to grow; and to create further opportunities for investment.

The RLS, simplified...

Key features:

  • Loans and asset finance are available from £25,000 - £10,000,000, with repayment spread out over 12-60 months for loans, and up to 6 years for asset finance arrangements.

  • This will apply to all applications until the 1st of January 2022, after which the maximum loan will be £2 million.

  • Under the Recovery Loan Scheme, no personal guarantees taken on facilities up to £250,000, and a borrower's principal private residence cannot be taken as security.

Am I eligible?

  • The Recovery Loan Scheme is available to UK businesses that have been impacted by coronavirus.

  • There are currently no restriction on turnover or size, but after the 1st January 2022, only SME's will be able to apply for the RLS.

  • The Recovery Loan Scheme is also open to businesses that have already borrowed from the other coronavirus loan schemes (the Bounce Back Loan Scheme, the Coronavirus Business Interruption Loan Scheme, and the Coronavirus Large Business Interruption Loan Scheme).

What can I spend it on?

  • The Recovery Loan Scheme funding can be used for a wide variety of business purposes, so long as they are legitimate.

  • This can include: - managing cash flow - helping with wages - investment purposes - buying equipment - growth.

Why GSM Finance?

Our Recovery Loan Scheme service gives your business access to a number of highly competitive offers from a trusted network of over thirty different lenders. From this expansive panel, our financial experts find the best asset finance and loan agreements for each individual business - we even have low payment options available!

At GSM Finance, our specialist brokers are attentive to each business's independent needs, and keep the lines of communication open between broker and client. We are dedicated to transparency, and we never take a cut from you. Instead, we're paid by the lenders for our successful introductions, so ensuring you are satisfied with all arrangements is our top priority.


Case Study: Map Marketing

GSM Finance recently assisted an Exeter-based mapping company by securing a £100,000 cash loan via the RLS. This allowed Map Marketing to recover from the pandemic and grow their business, and our happy customer used the funding to manage company cashflow whilst expanding into a new factory.


GSM Finance has over twenty years of experience as London's largest independent asset finance brokerage. Whether you want to secure your business's present or safeguard its future, get in touch today to find out more about how our RLS service can help.


Contact us:


GSM Finance Ltd.

Omega Building

Smugglers Way

London, SW18 1AZ


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