Government-backed lending schemes

Support your business with government-backed schemes – designed to help you access funding and manage repayments.

Expand your business with the Growth Guarantee Scheme

The Growth Guarantee Scheme (GGS) went live 1 July 2024. It replaces the Recovery Loan Scheme (RLS).

Bounce Back Loan Scheme (BBLS)

Pay As You Grow

Need a little more time to pay back your loan? The government Pay as You Grow initiative could help.

We’ll email you to let you know about this. You don’t need to contact us. You can also look on Online for Business.

More about Pay As You Grow

Making repayments

We would normally have started taking payments 13 months after we paid the loan into your account. But if you want, you can pay back some or all of your loan early, with no early repayment charges.

More about payments

Scheme Information

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

Scheme information

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

More about the Growth Guarantee Scheme

Working with British Business Bank logo

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 logo

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 logo

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 logo

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 we've helped businesses like yours

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

ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. 

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action. 

All lending is subject to status. Security may be required.