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Recovery Loan Scheme Invoice Finance Facility

Apply for an RLS Invoice Finance Facility
Start your RLS Invoice Finance Facility application
The Recovery Loan Scheme (RLS) Invoice Finance Facility is a Government backed initiative designed to enable our clients’ businesses to survive, recover and grow.

The Recovery Loan Scheme (“RLS”) will close on 30th June 2024.

To benefit from the scheme, you must have made a successful application for a RLS Loan and have also received a Facility Offer Letter from HSBC UK Bank plc on or before this date. Applications received after 3rd June 2024 will be processed on a reasonable endeavours basis. Due to the time taken to assess, approve applications and to then issue a Facility Offer Letter, we cannot guarantee that applications received (and subsequently approved) by HSBC UK Bank plc after 3rd June 2024 will receive a Facility Offer Letter before the RLS closure date.

Should we be unable to issue a Facility Offer Letter prior to the RLS closure date, your case will be assessed for alternative HSBC lending products.

At a glance

  • Available for clients of HSBC Invoice Finance (UK) Ltd with a viable funding proposal and looking for financial support through the short-medium term.
  • Available to support invoice finance funding needs of between £30,000 and £2,000,000.*
  • Backed by a Government guarantee provided to us, covering 70 per cent of the RLS Invoice Finance Facility funding made available to clients.
  • No fees payable by you for the Government guarantee and no arrangement fee, or repayment fee should you wish to repay the facility early.

Key benefits

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

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

Facility may be used where we would not have been prepared to offer an Invoice Finance facility for the same amount on similar terms, or we would only have been able to offer it at a higher price.

The new iteration of the RLS Invoice Finance Facility runs for a fixed term of 36 months. After 26 months we’ll review the facility with you and agree how this will change over the remainder of its term.

Funding to support your business to survive, recover and grow.

Businesses that have received support under the previous Government COVID19 guaranteed loan schemes are still eligible to access finance under this scheme, subject to eligibility and limitations.

Recovery Loan Scheme Invoice Finance Facility factsheet

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.

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 and 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.

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