Good news for small businesses: the government’s new Recovery Loan Scheme will begin on 6 April 2021 – a replacement for Coronavirus Business Interruption and Bounce Back Loans.
We've applied to be accredited for the Recovery Loan Scheme. Here is what we know about these loans so far:
You can borrow from £25,001 to £10,000,000 over 6 years
There’s no limit based on your turnover (unlike CBILS)
You might be eligible if you already have a government-backed loan
Signup and we'll let you know when new products are available
We've been supporting over 50,000 small businesses with access to finance since 2012.
Here is what we know about the eligibility criteria for businesses so far:
Here is a bit more information we think might help. If you want to know more about iwoca, check our FAQs
We’re one of the fastest-growing business lenders in Europe. We started seven years ago specifically to lend to small businesses – since then, we’ve grown from a start-up to a team of over 275 iwocans, all working to one goal: to help one million small businesses.