Get ready for a Recovery Loan

Get ready for a Recovery Loan

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.

Will I be eligible for a Recovery Loan?

Here is what we know about the eligibility criteria for businesses so far:

  • need to be based in the UK
  • need to be viable (or would’ve been, if not for the pandemic)
  • have been impacted by coronavirus
  • are not in collective insolvency proceeding

For more information visit the British Business Bank Website.

Want to know more about iwoca?

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.

Customer support

Questions?

We're here to help

Small business loans are all we do, so you'll get straight through to someone who can help, like Lisa – we're not fans of hold music. Call us from Monday to Friday (9am - 6pm). We accept applications over the phone.

Apply now