Government-backed lending schemes

The Growth Guarantee Scheme

The Growth Guarantee Scheme (GGS) went live on 1st July and is the successor to The Recovery Loan Scheme (RLS).

Bounce Back Loan Scheme (BBLS)

Pay As You Grow

The government announced Pay As You Grow to support businesses with repaying their Bounce Back Loan.

Pay As You Grow gives you more time and flexibility to pay back your loan, should you need it.

We’ll email you when your options are available, there’s no need to contact us.

More about Pay As You Grow

Making repayments

If you’re able to make your Bounce Back loan repayments as set out in your loan agreement, you don’t need to do anything. We’ll automatically start taking payments 13 months after we paid the loan into your account.

You can also pay back some or all of your loan early, with no early repayment charges.

Making repayments

Scheme information

Applications for the Bounce Back Loan Scheme, including any Top-Ups to existing loans, closed on 31 March 2021.

Scheme information

Your Pay As You Grow options

Your Pay As You Grow options

The simplest way to view and select your Pay As You Grow options is by logging on to Online for Business on a web browser.

Not registered for Online for Business? Register now

PAYG options are not available via the mobile app.

Log on and view options

Growth Guarantee Scheme

The successor scheme to the Recovery Loan Scheme, The Growth Guarantee Scheme (GGS) launched in July 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow. Key features of the scheme are as follows:

  • Borrow between £25,001 and £2 million per Group
  • Choose a repayment term between 1-6 years
  • The scheme is available to businesses with a turnover of up to £45 million
  • A Personal Guarantee may be required
  • Subject to full Credit assessment
  • The borrower always remains 100% liable for the debt

We are a confirmed accredited lender of the government-backed Growth Guarantee Scheme.

If you require additional information about the scheme, please visit the British Business Bank website.

Visit site

Businesses with a turnover up to £45 million:

Applications for the Recovery Loan Scheme closed on 24th May 2024

The Recovery Loan Scheme (RLS) launched in August 2022 and was designed to support access to finance for UK small businesses as they looked to invest and grow. Key features of the scheme were as follows. The scheme was available to businesses with a turnover of up to £45 million, for a term up to 6 years.

  • Lending through the scheme started at £25,001 up to £2 million per Group (or up to £1m per Group for Northern Ireland Protocol borrowers)
  • Businesses who took out a loan through the scheme will remain 100% liable for repayment of the loan

If you need support with your existing loan, please contact your Relationship Manager. If you don’t have a Relationship Manager, please call 0345 072 5555. 

Working with British Business Bank

We are a confirmed accredited lender of the government-backed Recovery Loan Scheme.

If you require additional information about the scheme, please visit the British Business Bank website.

Visit site

Coronavirus Business Interruption Loan Scheme (CBILS)

Applications for the Coronavirus Business Interruption Loan Scheme (CBILS) closed on 31 March 2021.

  • CBILS was a government-backed initiative for businesses with a turnover of up to £45 million
  • Lending through the scheme started at £50,001 up to £5 million, for a term of up to 6 years
  • No interest payments or fees were applicable for the first 12 months of the loan
  • A 12 month capital repayment holiday was available at the start of the loan
  • Businesses who took out a loan through the scheme will remain liable for repayment of the loan. 

If you need support with your existing loan, please contact your Relationship Manager. If you don’t have a Relationship Manager, please call 0345 072 5555. 

Working with British Business Bank

For more information about the Coronavirus Business Interruption Loan Scheme, please visit the British Business Bank website. 

If you require additional information about the scheme, please visit the British Business Bank website.

Visit site

Businesses with a turnover above £45 million:

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Applications for the Coronavirus Large Business Interruption Loan Scheme (CLBILS) closed on 31 March 2021. 

  • CLBILS was a government-backed initiative for businesses with an annual group turnover above £45 million
  • Lending through the scheme started at £50,001 up to £200 million, for a term from three months up to three years.
  • No personal guarantees were permitted for facilities under £250,000. For facilities more than £250,000, claims on personal guarantees could not exceed 20% of losses after all other recoveries had been applied.
  • Businesses who took a loan out through the scheme will remain liable for repayment of the loan. 

If you need support with your existing loan, please contact your Relationship Director.

Working with British Business Bank

For more information about the Coronavirus Large Business Interruption Loan Scheme, please visit the British Business Bank website. 

If you require additional information about the scheme, please visit the British Business Bank website.

Visit site

How Asset Finance can help you grow

We explain what Asset Finance is, and how you can use it to finance vehicles or equipment that can help grow your operations.

Read the guide

How to grow your business

To grow a resilient business that’s around for the long term, you must plan for sustainable growth. That means understanding the current situation and having a vision for the future.

Read the guide

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.