Recovery Loan Scheme – List of Accredited Invoice Finance Lenders

The Recovery Loan Scheme can be divided in several different “lending facilities”, this one is going to be looking at the Recovery Loan Invoice Finance facility.

The scheme itself does have several other options that can be taken by business owners:

An Invoice Finance facility is a weird and wonderful scheme that allows you to use unpaid invoices as security for funding. The amount you are likely to get will be down to how much risk the lender is prepared to take.

Overview of Recovery Loan Invoice Finance:

Start and End Dates

  • Launch Date: 6 April 2021
  • Available Until: 31 December 2021

May be Extended

What Can I Use the Money For?

  • Cashflow
  • Investment
  • Growth

Basically – Any Legit Business Purpose

How Much Can I Apply For?

  • Minimum £1000.00
  • Maximum £10,000,000.00

An Invoice Finance Facility is Not Suitable for Every Business Obviously

Other Bits n Bobs Worth Knowing:

  • No Turnover Restriction for Applicants
  • Invoice Finance Term is 3 Years
  • Applicant Pays All Fees/Interest
  • Applicants Will Be Credit Checked*

*Lenders Have Discretion to Lend or Not and Can “Overlook” Things

Government Guarantee

The government guarantees 80% of the finance to the lender to ensure they continue to have the confidence to lend to businesses. That means the accredited lenders should set their interest rates with that guarantee in mind and not take the p*ss.

The scheme is called the Recovery Loan Scheme after all and should be designed by lenders to ensure business owners can access the scheme, can get the funds swiftly and is not simply a way for those lenders to cash in on the suffering of those business owners and their need to access business related finance to help their businesses survive and “recover”.


You will be able to apply for a loan if your business:

  • Is trading in the UK

You will need to show that your business:

  • Is viable or would be viable were it not for the pandemic
  • Has been impacted by the coronavirus pandemic
  • Is not in collective insolvency proceedings – further details will be provided in due course

Businesses that have received support under the existing COVID-19 guaranteed loan schemes will still be eligible to access finance under this scheme if they meet all other eligibility criteria.

No personal guarantees will be taken on facilities up to £250,000, and a borrower’s principal private residence cannot be taken as security.

Recovery Loan Scheme Invoice Finance Lenders

Please be aware that until the official announcement of the Recovery Loan Invoice Finance Lenders I have listed below the CBILs Lenders who offered that facility (when CBILs were available), to give you an idea of the most likely suspects to be accredited. Once the lenders are announced the section below will spring to life.

The “Comments” box will be filled in once I receive feedback from those applying with the respective lenders. I have no problem whatsoever shaming any bank/lender that starts ripping off business owners with sky high interest rates and/or fees, or pulls any stunts, many lenders/banks did pull stunts and tortured many of their customers during the Bounce Back Loan Scheme and will be shamed accordingly if they do so during this scheme.

LenderStatusWebsite LinkComments
Skipton Business FinanceACCREDITED Skipton Business Website

You are strongly advised to think long and hard about making use of the Recovery Loan Scheme and seek professional financial/legal advice if you are thinking about doing so.