At Starling, we understand this is a difficult time to be running a business and we’re doing everything we can to help our customers. As always, you can manage your finances from the Starling app, and our customer support team is here for you 24/7. You can get in touch with them via phone, email or in-app chat.
Coronavirus Business Lending Schemes
Starling was an active participant in both the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme, helping businesses needing finance at this time. As of 31st March, both of these schemes are now closed to new applications. Please note, applications for both schemes received by 23.59 on 31 March 2021 will still be processed by our team.
The Government has announced the Recovery Loan Scheme.
A new debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021. The Scheme, which will open on 6 April 2021, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports a maximum facility size of up to £10m with minimum facility sizes starting at £1,000 for Invoice and Asset Finance and £25,001 for Term Loans and Overdrafts. Further information can be found on the British Business Bank website.
Starling is committed to supporting SMEs with their borrowing needs - we are in discussion with the BBB to offer Recovery Loan Scheme loans to customers, and will provide more details as soon as we can.