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Recovery Loan Scheme

What is the Recovery Loan Scheme?

The Recovery Loan Scheme (RLS) which is delivered through British Business Bank accredited lenders and partners is designed to support the funding requirements of UK SMEs. Through the RLS businesses can borrow from £25k to £10m to help fund the business cash flow, purchase equipment as well as many other business finance requirements such as replacing overdrafts, invoice finance and asset finance facilities.

Who Can Apply?

Any SME can apply for an RLS. Applicants must be based in, and trading, within the UK with turnover not exceeding £45m per year. Must have been affected by the pandemic.

Key Features

  • Facilities from £25k to £10m
  • Any purpose loans
  • No personal director guarantees under £250k
  • Only 20% personal guarantee required on lends above £250k. I.e. a £300k lend would require a £10k guarantee.
  • Unlike CBILS fees are applied to RLS but are all included in the monthly repayments so nothing to pay upfront.
  • Payments will begin 1 month after the RLS is paid out with no payment breaks.

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    5 Star Reviews

    First time dealing with Full Circle Asset Finance Ltd and the whole process couldn’t have went smoother. They were massively helpful and available at the drop of a hat to answer any queries or questions i had. Will not hesitate to use them again for any finance option needs.


    Business Owner

    5 Star Reviews

    I have dealt with Luke at Full Circle in both a business and personal capacity and he never fails to exceed expectations. Professional, Polite and helpful. I can highly recommend using them

    Mary O'Neill

    Business Owner

    5 Star Reviews

    I’ve had a great experience with Full Circle Asset Finance on a number of occasions. Will definitely use again!

    5 Star Reviews

    I feel privileged and honoured to be sponsored by such a fantastic and friendly team with a glowing reputation in the market place.

    Chris Cuthbert
    5 Star Reviews

    Went to Full Circle for car finance excellent service kept me fully informed throughout the process and got me a great deal. Very friendly customer service based approach made what is an often stressful experience effortless. I have recommended this company to friends and family. Thanks for the assistance will definitely be using again. Excellent work

    David Sherlock
    5 Star Reviews

    I have dealt with Luke for over 10 years and have always found him exceptionally helpful/reliable and honest.
    A recent businesses re- finance transaction was handled via full circle and it was effortless from beginning to end.
    This company and all staff are an absolute pleasure to work with and are very competitive and efficient.
    Massive thank you
    I can’t recommend enough!!!


    Business Owner

    5 Star Reviews

    I experienced good customer care with Full Circle, they were prompt to reply to my many messages/questions, throughout setting up my financial loan.
    This company had been recommended to me by my step daughter . I’ll certainly recommend them to others.
    Thank you

    5 Star Reviews

    Financed a car with Luke and the team, Very smooth process from start to finish, Would definitely recommend and use again!

    5 Star Reviews

    Full Circle helped me finance my new car and were excellent. They managed to beat the dealers finance rate and the communication was great throughout. Would highly recommend!

    5 Star Reviews

    Dealt with Luke on several occasions when we required finance for various production machines.
    Always very responsive to our needs.
    Would recommend Full Circle for any required finance.

    Tim Kiernan
    5 Star Reviews

    First class service from Luke and the team. This is now the second car I’ve Financed with Luke and would never look back. No dealer could touch the deal he secured and he worked quickly to ensure it was approved and paid with 24 hours!

    Gareth Johnston

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