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Recovery Loan Scheme (RLS)
The Recovery Loan Scheme is now closed for applications.
The Recovery Loan Scheme (RLS) supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic. RLS aims to help businesses affected by Covid-19 and can be used for business purposes, including, managing cashflow, investment and growth. It is designed to support businesses that can afford to take out additional finance for these purposes. Businesses who have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme. The Scheme will end on 30th June 2022. Please note that a Recovery Loan with Skipton Business Finance is only available alongside an Invoice Finance facility.
Bounce Back Loan Scheme (BBLS)
The Bounce Back Loan Scheme (BBLS) is now closed to new applications, including applications for Top-Ups.
BBLS applications received by 23.59 on 31 March 2021 can be processed through to 31 May 2021.
If you have a query about BBLS, or wish to discuss an outstanding application, please contact us on 01756 694068.
Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme is now closed to new applications.
Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021.
If you have a query about CBILS, or wish to discuss an outstanding application, please contact us on 01756 694068.
The British Business Bank
Both CBILS and BBLS are managed by The British Business Bank. The British Business Bank is 100% Government owned but independently managed. It brings expertise and Government money to the smaller business finance markets. They don't lend or invest directly, instead working with over 130 partners such as Skipton Business Finance.
Businesses apply for finance through partners who, because they work with the BBB, can lend and invest more - especially to younger and faster growing companies.
