Apply for the Recovery Loan Scheme

Although the Recovery Loan Scheme has been renamed the Growth Guarantee Scheme, you can still apply for loans of up to £2m.

Apply today
  • Loans of up to £2 million
  • Interest rates capped at 15%
  • Borrow for up to 6 years
  • No early settlement fees

What can I use the funds for?

Use your Recovery Loan Scheme finance for any legitimate business purpose, for example:

  • managing cash flow
  • buying equipment
  • meeting a one-off cost
  • helping with payroll
  • growing your business
  • marketing
Apply now

How to apply

Step number 1

Register your business with Swoop

And access your personal dashboard.

Step number 1
Getting started is easy
Step number 2

Get matched to funding opportunities

We’ll match you with all suitable loan options, as well as other funding opportunities.

Apply easily with our Swoop review process

Apply in minutes

Keep updated with changing circumstances and easily submit your application to lenders.

Apply easily with our Swoop review process
Apply now

Industries taking advantage of RLS

Manufacturing

Construction

Wholesalers

Transportation

Business services

Apply now

Recovery Loan Scheme calculator

Your loan details

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This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.

Your results

Monthly payments

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Avg. monthly interest

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Total interest

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Total cost of finance

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Tips for applying

Make sure you have a clear idea about of the purpose of the loan and include this in your business plan.

Prepare paperwork, such management accounts, financial accounts, and information about business assets, before you apply.

Applying through Swoop will allow you to find the right type of borrowing, at the right rate, from the most relevant lenders to your business needs.

Unlike earlier COVID-19 loans the British Business Bank is not paying the first year’s interest and fees. Make sure you’ve factored this into your forecasts.

Apply now
253,800

Global customers (and counting!)

£1,502,314,145

Funding completed

£80,127,765

Savings for our businesses

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