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Is my business eligible for a Recovery Loan Scheme (RLS) loan?

  • To apply for an RLS loan through Funding Circle, you’ll need to meet the following criteria:
    • Your business has been impacted by coronavirus
    • You have been trading for a minimum of 2 years’ trading history
    • Your business is trading in the UK
    • Your loan is for business purposes (ie. working capital or investment, and to support trading in the UK)
  • To help as many small business owners as possible, we’ll look at your business' performance over a longer period of time to confirm whether it has a viable business proposition - regardless of the impact of Covid-19.
  • You can still access the scheme if you have a Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) or Coronavirus Large Business Interruption Loan Scheme (CLBILS) loan.
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