Recovery Loan Scheme Invoice Finance Facility

The purpose of the Recovery Loan Scheme Invoice Finance Facility is to enable our clients’ businesses to survive, recover and grow as the wider economy starts to recover from the COVID 19 outbreak.

At a glance - Recovery Loan Scheme (RLS) Invoice Finance Facility

  • Simple application process for clients of HSBC Invoice Finance (UK) Ltd with a viable funding proposal.

    Enhanced levels of invoice finance funding, with prepayment of up to 100% of invoice values notified to us.

  • Available to support invoice finance funding needs of between £30,000 and £2,000,000.

    Simple pricing - when you draw funding from an RLS Invoice Finance Facility, the discounting charges you pay take account of the effect of the Government guarantee.

  • No personal guarantees required in connection with funding under the RLS Invoice Finance Facility of less than or equal to £250,000.

    Backed by a Government guarantee provided to us, covering 70 per cent of the RLS Invoice Finance Facility funding provided.

  • May be used where we would either:

    • not have been prepared to offer a Commercial Facility for the same amount on similar terms; or
    • would only have been prepared to offer a Commercial Facility on similar terms at a higher price.

    Scheme open until 30 June 2022, subject to review

  • Facility term of 36 months - after 26 months we’ll review the RLS Invoice Finance facility with you and agree how this will change over the remainder of its term.



    No fees payable by you for the Government guarantee.

  • You are liable for 100% of the whole facility, and we will always seek to recover the outstanding balance from you and the proceeds of any security you, or any security provider on your behalf, has given for the facility.

    No RLS Invoice Finance Facility arrangement fee, or repayment fee should you wish to repay the facility early.

To apply for an RLS Invoice Finance Facility:

Before you apply, please speak to your existing HSBC UK Invoice Finance Client Director / Client Manager or your HSBC UK Relationship Manager


Call us on 0800 731 8939 (Lines are open 9am to 5pm Monday to Friday (except public holidays). To help us continually improve our service and in the interests of security we may monitor and/or record your communications with us.)

Key Benefits

Available to businesses with an existing invoice finance facility from HSBC, subject to eligibility and limitations.
Flexible funding to help your business recover from the impact of Covid 19 and accelerate growth.
Extra support for your working capital and cashflow needs.

Quick Check RLS Invoice Finance Facility Eligibility Criteria

An RLS Invoice Finance Facility may be available to you, if you:

  • Are (or become) an HSBC Invoice Finance (UK) Ltd client, operating in the UK and generating 50% or more of your business turnover from trading activity in the UK.1
  • Operate in a sector that is eligible for an RLS Invoice Finance facility.2
  • Have a viable funding proposal and are an eligible applicant.
  • Have an annual turnover of £45,000,000 or less.3
  • Use the funding for an eligible purpose related to COVID-19. Namely: new/additional finance for working capital, investment and growth, and/or refinancing existing debt/debt consolidation.
  • Pass certain insolvency and financial difficulty tests stipulated by applicable subsidy control requirements and the EU state aid rules (which apply to businesses within the scope of the Northern Ireland Protocol).
  • You understand that you will be liable for 100% of any facility that may be provided, and that HSBC will always seek to recover the outstanding balance of any facility from you and the proceeds of any security you, or any security provider on your behalf, has given for the loan.

1 “Trading Activity” means any trading or commercial activity that generates turnover (whether or not such activity is carried on with the intention of making a profit).

2 The following sectors and activities are excluded from RLS: Deposit taking Banks and EEA Banks; Building Societies, Insurers (other than insurance brokers), Public sector organisations, State funded primary or secondary schools. An RLS Facility of under £30,000 must not be used in support of export related activities

3 Your turnover or your total group turnover if you are part of a group must not exceed £45,000,000 over the 12 months’ immediately preceding the application for finance or, it is not expected to do so, if you or any of your group companies have not been trading for 12 months.   

Important Information

  1. You are liable for 100% of the whole facility, and HSBC Invoice Finance (UK) Ltd will always seek to recover the outstanding balance from you and the proceeds of any security you, or any security provider on your behalf, has given for the facility.1
  2. An applicant can apply for up to £2,000,000 of finance under the scheme or, if you are part of a group, £6,000,000 as a group limit. However, when we calculate the total finance limit we have to take into account any other outstanding Recovery Loan Schemes we, or any other lenders, have provided to you.
  3. All facilities are subject to status and credit approval. Terms and Conditions and additional product eligibility criteria apply.
  4. No personal guarantees are required in connection with funding under the RLS Invoice Finance Facility of less than or equal to £250,000.
  5. For funding under the RLS Invoice Finance Facility of greater than £250,000, we‘ll review security requirements on an individual basis. If a personal guarantee is deemed appropriate, it will be capped at 20 per cent of the outstanding balance of all guaranteed facilities after all other security has been applied (where applicable) 2.
  6. The guarantee that we receive from the UK Government under the RLS Invoice Finance Facility may give rise to a cost benefit to us. If there is a cost benefit, we will pass this on to you by adjusting the discounting margin you pay

1 If HSBC Invoice Finance (UK) Ltd cannot recover all funds, the Government provides a partial guarantee for the shortfall.

2 If you default on your facility, we will look to realise all other available collateral provided to support your facility before we make a demand on any personal guarantee. The maximum we would then seek to recover under any personal guarantee will be limited to 20 per cent of the amount of your RLS Invoice Finance Facility that remains outstanding after the proceeds of all other available collateral have been applied. Only after this will we look to realise the government guarantee.

Recovery Loan Scheme Invoice Finance Facility factsheet (PDF, 79KB)

Next Steps

To apply for an RLS Invoice Finance Facility:

  • Before you apply, please speak to your existing HSBC UK Invoice Finance Client Director / Client Manager or your HSBC UK Relationship Manager
  • Call us on 0800 731 8939 (Lines are open 9am to 5pm Monday to Friday (except public holidays). To help us continually improve our service and in the interests of security we may monitor and/or record your communications with us.)
  • All applications need to be submitted through our Recovery Loan Scheme portal and we’ll provide you with a link to this following an initial discussion
  • Application information provided will be assessed and we may ask you to provide further information to support a request.
  • We may be required to ask additional questions if you fall under Northern Ireland Protocol.

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.

Important Information

To apply for an RLS Invoice Finance Facility:

Before you apply, please speak to your existing HSBC UK Invoice Finance Client Director / Client Manager or your HSBC UK Relationship Manager


Call us on 0800 731 8939 (Lines are open 9am to 5pm Monday to Friday (except public holidays). To help us continually improve our service and in the interests of security we may monitor and/or record your communications with us.)

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