Home

Money

Workspace

Advice

About

Feedback

Recovery Loan Scheme Performance Bonds

A term loan to provide additional finance to growing businesses who are required to provide a performance bond to the end buyer.

Newable provides the cash cover for the bond via a Recovery Loan Scheme facility whilst the SME’s bank facilitates the actual performance bond itself.
https://services.newable.co.uk/wp-content/uploads/2022/03/4.9-10.svg
Tick icon

Loans available from £50k-£200k

Personal Guarantees required from shareholders/directors
Tick icon

Fixed pricing: 2% arrangement fee and 1.5% per month interest

3-24 month term
Tick icon

Interest only

Apply for performance bond loans
Apply online
or call our team
on 020 8142 4385

Government backed loan to help your business grow

Tick icon
Eligible if your business has been impacted by coronavirus and is a UK limited company trading for at least 3 years
Tick icon
Support for larger domestic projects or exporters taking on larger overseas contracts
Tick icon
A great new solution to support business growth
Tick icon
Innovative funding solution launched in response to specific SME need

Apply now for a recovery loan

1
Tell us how much you need
Fill out the form in less than one minute, with some basic information about your business and how much money you need.
2
We will contact you within 24 hours
A dedicated advisor will be in touch with you within 24 hours, between our working hours of Monday - Friday.
3
Get your funding
We will be there every every step of the way, with access to a huge range of lenders as well as our own fund we will find you the best deal for your requirements. No fee charged unless we have successfully supplied you with funding.

Or speak to one of our experts over the phone on 020 8142 4385

Used and trusted by UK businesses, just like yours

Very quick and efficient sorting out CBIL loan. The whole experience was really easy to sort out. Thanks to Steph and the team.

Harpal Chana

Brilliant and professional service. Newable do exactly as they say, all with full support and a helpful professional approach. I would not hesitate to use their service again

John Ahmed

Newable helped us obtain a CBIL loan, where we had been struggling. Was proactive and efficient and kept us informed at all times. Highly recommended. Thank you.

Lisa Bourton

Newable organised a CBILS offer and it was just what we wanted, very grateful for a professional service and excellent service.

Richard Lewis

Excellent from start to finish. Very professional.

Richard Littler

Very professional and efficient service.

Tanju Yusuf

Previous Next
Click here to read more

Your government Recovery Loan Scheme questions, answered

The new iteration of the Recovery Loan Scheme (RLS) launched in August 2022 and is designed to support access to finance for UK small businesses as they look to invest and grow. The Recovery Loan Scheme aims to improve the terms on offer to borrowers. If we can offer a commercial loan on better terms, we will do so. Businesses that took out a CBILS, CLBILS, BBLS or RLS facility before 30 June 2022 are not prevented from accessing RLS from August 2022, although in some cases it may reduce the amount a business can borrow. Recovery Loan Scheme-backed facilities are provided at the discretion of Newable. We are required to undertake standard credit and fraud checks for all applicants.

The RLS Performance Bond loan is open to limited companies registered in England and Wales only.

You require cash cover for a contractual performance bond, which is being arranged for you by another lender.

  • What is the new Recovery Loans Scheme (RLS)?
  • Am I eligible?
  • Under what circumstance can I apply?

The new iteration of the Recovery Loan Scheme (RLS) launched in August 2022 and is designed to support access to finance for UK small businesses as they look to invest and grow. The Recovery Loan Scheme aims to improve the terms on offer to borrowers. If we can offer a commercial loan on better terms, we will do so. Businesses that took out a CBILS, CLBILS, BBLS or RLS facility before 30 June 2022 are not prevented from accessing RLS from August 2022, although in some cases it may reduce the amount a business can borrow. Recovery Loan Scheme-backed facilities are provided at the discretion of Newable. We are required to undertake standard credit and fraud checks for all applicants.

The RLS Performance Bond loan is open to limited companies registered in England and Wales only.

You require cash cover for a contractual performance bond, which is being arranged for you by another lender.

You might also be interested in

Cashflow and Inventory Financing

Read More

Invoice Finance and Factoring

Read More

Asset Finance and Funding

Read More

News and Views

What's The Best Business Loan For Me?
Cashflow mastery - Maximising cash coming in, controlling it going out
Debt Restructuring & Refinancing Business Debt

British Business Bank

Additional support
The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cash flow and a list of independent advice services. https://www.british-business-bank.co.uk/finance-hub/

Legal notice

The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit http://www.british-business-bank.co.uk/recovery-loan-scheme

THE MORTGAGE PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Business loans are provided by Newable Business Loans Limited. Which is registered in England and Wales. Registration number: 08796862. Newable Business Loans is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register www.fca.org.uk/register FRN 700160. Not all products offered by Newable Business Loans are regulated by the Financial Conduct Authority.
Credit broking services are provided by: Newable Commercial Finance Limited trading as Newable Finance is registered in England and Wales. Registration number: 07474588. Newable Commercial Finance is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register www.fca.org.uk/register FRN 723703 | Data Protection number: Z6663758. Newable Commercial Finance is a finance broker, not a lender. Not all products offered by Newable Commercial Finance are regulated by the Financial Conduct Authority.