Apply for a loan under the Recovery Loan Scheme

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At Starling we offer loans of £25,001 to £250,000 through the Recovery Loan Scheme (RLS) to help your business fly.

Starling are able to offer loans to Limited Companies and Limited Liability Partnerships (unfortunately we don’t currently support sole traders).

Whether or not you’re already a Starling customer, you can apply now, if you are successful you will need to open a Starling account to service your loan. We make it easy for you to apply for the funding your business needs.

Each application is individually reviewed and priced based on your business circumstances - we’re here to support your business and we take a personal approach. All applications are reviewed by our specialist UK based team.

We pride ourselves on being able to provide you with a quick decision, so you can focus on running your business without worrying about the funding your business needs.

You can apply for an RLS loan even if you’ve had a Bounce Back Loan (BBLS) or Coronavirus Business Interruption Loan Scheme (CBILS) loan or overdraft. You won’t need to pay those back first.

The important information

  • We’re offering loans to Limited Companies and Limited Liability Partnerships
  • There’s a 4% arrangement fee
  • You can spread your repayments over up to six years (minimum of 3 months)
  • RLS aims to help businesses affected by Covid-19 and is for business purposes, such as managing cashflow, investing in and growing your business
  • If you’re not a Starling customer already, you’ll need to open a business current account to receive your loan - please note your application will be subject to our business current account eligibility criteria. Please read our terms and conditions to check our key eligibility requirements
  • At Autumn Budget 2021, the government announced that the Recovery Loan Scheme will be extended by six months to 30 June 2022

What you need to know

  • All applications are subject to credit checks on both the company and directors
  • A full credit assessment is completed on all applications
  • Your business must have been trading for at least two years
  • Your company is responsible for repayment of the loan, including all interest and your arrangement fee

Eligibility Criteria

  • Covid-19 impact: The borrower must confirm to the lender that it has been impacted by Covid-19
  • UK-based: The borrower must be based in the UK and carrying out trading activity in the UK
  • Viability test: Your business must be viable, which is reviewed as part of our creditworthiness assessment
  • Credit and fraud checks for all applicants: Starling will undertake credit and fraud checks for all applicants. This will include a check on your business and its Directors/PSCs

Please note: The following are not eligible under RLS:

  • Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers)
  • Public sector bodies
  • State funded primary and secondary schools

Apply for the Recovery Loan Scheme

Start your application for a Recovery Loan Scheme unsecured loan (£25,001 to £250,000).

We’re offering loans to Limited Companies and Limited Liability Partnerships.

The person completing this form must be a director or partner of the business applying for the facility and be currently authorised to act on its behalf. When we refer to “your business or your company” we are referring to a limited liability partnership or a private limited company as applicable.

Are you a commercial finance broker?

We run a Lending Partner Programme for SME lending. To be eligible you will need to be a FCA registered broker and a member of the NACFB. Get in touch with our SME partnerships team to find out more about the Lending Partner Programme.

About The Recovery Loan Scheme

Starling Bank started offering the Recovery Loan Scheme (RLS) from June 2021, this 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 cash flow, 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 CBILS or BBLS facility are able to access the new scheme subject to application and affordability.

At Autumn Budget 2021, the government announced that the Recovery Loan Scheme will be extended by six months to 30 June 2022, with changes applying to all offers made from the 1 January 2022.

From 1 January 2022, the following changes come into force for all RLS offers:

  • The scheme is only open to small and medium sized enterprises (turnover <£45m)
  • The maximum amount of finance available is £2 million per business (maximum amount per Group limited to £6m)
  • The guarantee coverage that the government provides to lenders is reduced to 70%

Scheme features include:

  • Term lending from £25,001 up to £250,000
  • Term length: Term loans from three months for up to six years
  • Interest and fees to be paid by the borrower from the outset: Businesses are required to meet the costs of interest payments and any fees associated with the RLS facility
  • Access to multiple Covid-19 schemes: Businesses that have taken out a CBILS, CLBILS (Coronavirus Large Business Interruption Loan Scheme) or BBLS facility are able to access the new scheme although the amount they have borrowed under a previous scheme may in certain circumstances limit the amount they may borrow under RLS
  • Personal guarantees: Personal guarantees will not be taken by Starling under the RLS
  • Guarantee to the lender: The scheme provides Starling with a government-backed guarantee against the outstanding balance of the facility. The borrower always remains 100% liable for the debt

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.

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

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Apply for a Starling business account today and enjoy app-based banking at its best.

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