Recovery Loan Scheme (RLS) 3.0
Apply for RLS


or call us on
01244 389304

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Over 250 funding lines

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Decisions within 48 hours

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Funds within 48 hours of acceptance

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Borrow from £2,000

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Up to 5 year terms

Loan Amounts


Loan Terms

Loan terms from 1 to 6 years with monthly fixed payments

Eligibility Criteria



Your annual company turnover is up to £45 million


Company Status

Are you a UK registered business?


Trading Time

Have you been trading for more than 2 years?

two business people discussing RLS

Recovery Loan Scheme (RLS)

Launched on 6 April 2021, the Recovery Loan Scheme (RLS) helps UK businesses access finance as they recover from the effects of the Covid-19 pandemic.

The scheme can help you if you have a legitimate business need for the finance, such as boosting cash flow, increasing investment, and growing your business. Unlike previous RLS applications, you do not need to confirm if your business has been directly impacted by Covid-19.

If you have already taken out a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) or Bounce Back Loan Scheme (BBLS) facility after 1st August 2022, you are able to access the Recovery Loan Scheme however the amount you can borrow may be reduced.

It is important to note that with the RLS you are liable to pay interest payments and fees from the outset.

business woman happy with RLS agreement

How to apply for a recovery loan?


Quick Applications

Fill out our application form in less than 5 minutes


Dedicated Support

Your application will be allocated to your dedicated case manager


Quick Responses

Your case manager will be in touch within 4 working hours


Minimal Paperwork

They will collect all required documents to process your application


Quick Decisions

You will receive a decision within 48 hours in most circumstances


Fast Payouts

You will receive your funds within 48 hours of acceptance in most circumstances

The Benefits of Recovery Loans


Flexible Terms and Borrowing Amounts

With terms ranging from 1 to 6 years available, you are able to take control of your finance needs by spreading the cost over manageable fixed monthly payments.

With the RLS 3.0 you are able to borrow between £25,001 and £250,000.


Fast Decisions and Pay-Outs

In most cases you can expect decision within 48 hours and funds released within 48 hours of acceptance.


Minimal Paperwork

The RLS 3.0 is easy to apply for with minimal paperwork required. All you need to apply is;

  • Last 2 years accounts
  • Last 6 months business bank statements
  • Management accounts
  • Details of what the funds will be used for
  • Details of any current CBILS, CLBILS and BBLS facilities

With extensive experience with providing a range of finance facilities, we are well placed to ensure you have access to the best finance products for your circumstances. As a company we have enabled numerous firms to raise capital and spread the cost into manageable payments by selecting the best lenders for their needs.

With access to over 250 lenders, with many exclusive to RLA Capital, we are best placed to cater for your finance requirements.

View our full range of business finance facilities here

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