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Ebury - Recovery Loan Scheme

Apply for the Recovery Loan Scheme (RLS) through Ebury

to fund your international trade.

Ebury has once again worked with the British Business Bank (BBB) to become an accredited lender of government-backed loans, previously for CBILS and now for the Recovery Loan Scheme (RLS). If your business has been impacted by the Coronavirus and is looking to access government-backed lending you can find more information below or get in touch with Ebury today.

What is the Recovery Loan Scheme?

The Recovery Loan Scheme (RLS) was launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic. RLS aims to help businesses affected by Covid-19 and can be used for business purposes, including managing cashflow, investment and growth. It is designed to support businesses that can afford to take out additional finance for these purposes. Businesses who have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme. A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses, but if a lender can offer a business the choice of a commercial loan on better terms, without requiring the guarantee provided by the RLS, they should do so. On 20th July 2022, the government announced that the Recovery Loan Scheme will be extended for another 2 years, until 30 June 2022.

RLS Eligibility Criteria

The RLS is designed to support businesses who meet the following criteria:

Covid-19 impact

The borrower must confirm to the lender that it has been impacted by Covid-19


The borrower must be carrying out trading activity in the UK.

Viability test

The lender will consider that the borrower has a viable business proposition but may disregard any concerns over its short-to-medium term business performance due to the uncertainty and impact of Covid-19.

Credit and fraud checks for all applicants

Lenders will be required to undertake credit and fraud checks for all applicants. The checks and approach may vary between lenders.

Turnover limit

There is no turnover restriction for businesses accessing the scheme.

The following are not eligible under RLS:

Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers) Public sector bodies. State funded primary and secondary schools.

Scheme features

Please note: From 1 January 2022, the following changes will come into force:

  • The scheme will only be open to small and medium sized enterprises (turnover <£45m)
  • The maximum amount of finance available will be £2 million per business (maximum amount per Group limited to £6m)
  • The guarantee coverage that the government will provide to lenders will be reduced to 70%
  • These changes will apply to all offers made from 1 January 2022

Up to £3m facility per business

The RLS maximum amount of a facility provided by Ebury under the scheme is £3m per business. Minimum facility sizes vary, but start from £50,000.*

Term Length

Ebury's Trade Finance, with a 150 day payback period, is available under the RLS scheme. The guarantee will last up to three years.*

Interest and fees to be paid by the borrower from the outset

Businesses are required to meet the costs of interest payments and any fees associated with the RLS facility.

Access to multiple Covid-19 schemes

Businesses that have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme although the amount they have borrowed under a previous scheme may in certain circumstances limit the amount they may borrow under RLS.

Personal Guarantees

Personal guarantees are not permitted for facilities of £250,000 or less. Above £250,000 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.

Guarantee to the Lender

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

Need more information?

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. Alternatively you can speak to our team if you would like to apply for the RLS with Ebury, or would like to find out more general information, please get in touch with our team today.

The 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 http://www.british-business-bank.co.uk/recovery-loan-scheme.

*RLS full scheme details - Up to £10m facility per business: The maximum amount of a facility provided under the scheme is £10m per business (maximum £30m per group). Minimum facility sizes vary, starting at £1,000 for asset and invoice finance, and £25,001 for term loans and overdrafts. Term loans and asset finance facilities are available from three months, for up to six years, with overdrafts and invoice finance available from three months, for up to three years.