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Kriya Lending

How to use your Recovery Loan Scheme business loan

Kriya Team
September 29, 2021
min read
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Business owners have had their fair share of challenges over the past eighteen months. We’ve seen brave and successful pivots, innovative strategic decisions and a lot of hope from our customers. And now with the economy reopening and rebuilding, you may be anticipating more work on your plate.

How to use your recovery loan scheme business loan

Borrowing might have been part of your pandemic strategy, or maybe you decided to go it alone. However you weathered the storm, you’re probably looking to new horizons and thinking about how to fund them. The Recovery Loan Scheme (RLS) is designed to help you accelerate your post-pandemic ramp up. But what can you do with the funds when they land in your account? We’ve put together an overview of how some of our current customers are planning to use their cash injections.


At MarketFinance, we’re offering business loans through the Recovery Loan Scheme (RLS). We’ve gone through the specifics of our offering, including how to apply and eligibility, here. But in brief, here’s what you could get with our RLS loans:

  • Between £50,000 and £350,000
  • 6 months of interest-only payments
  • A single fixed fee, capped at 4%

A MarketFinance RLS loan gives you the funds you need – not just to keep business moving, but to help you reach the next level. That might include:

  1. Funding the next stage of a pivot – If you had to pivot, or are launching a new product or service due to COVID-19, then an RLS loan can support that. Don’t let one-off costs like web developer fees or refreshing your branding keep you from executing the next part of your plan seamlessly.
  2. Managing increased demand – A cash injection could take care of the growing costs you need to support new business. Placing a larger stock order can be within reach when you have the financial firepower to cover the invoice. Keeping up with operational costs like salaries can be easier to manage while you wait to get the money back through sales. Even when prices are going up.
  3. Enhancing your operations and productivity – Does your recovery require a more slick experience for your team and customers? Upgrading the equipment you use might be a priority to help you reach the next level. Or switching to newer software or better automation technology to improve productivity and user experience could be on the cards. An RLS loan can make that a reality.
  4. Growing your team – It’s all very well levelling up the operations and backend of your business. But it’s no good if you don’t have the right people to keep things moving, however streamlined your administrative and digital processes are. If business is booming (or you’re trying to get it there) then you’ll probably be looking to hire into your team. And if customer service is something that needs expanding as you grow, you’ll need more people to dedicate their time to it. Don’t be put off by the costs of hiring and training new joiners. If you need them on your team to succeed, the right business finance will help you achieve it.
  5. Expanding your premises – If you’re experiencing an increase in sales or new business then you might need to rethink your space. Growing businesses that are holding extra stock or bigger teams will be thinking about changing their warehouse or office space. Borrowing to help service the next phase of business gets you one step closer to supercharging your growth.
  6. Improving digital presence – The pandemic accelerated a huge shift to digital. Customers now expect a seamless online experience that delivers results, fast. If your website is in need of a little love, you could use RLS to give it the overhaul it needs to keep up with the times.


Whether your business is in manufacturing, wholesale or technology, make sure you have the working capital you need to scale up operations again as we return to a version of “normal”. It’s time to boost business and focus on the future.

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