What interest rates are banks offering on recovery loans?

Members who have explored recovery loans report competitive rates from mainstream lenders. **Lloyds** quoted around 2.7% plus an arrangement fee, with loans available up to £250k with no personal guarantee required. The scheme is government-backed; more details are available via the [official Government recovery loan scheme guidance](https://www.gov.uk/guidance/recovery-loan-scheme). Members also note that **invoice financing** schemes exist as an alternative option that may benefit businesses with different cash-flow needs.