What is the difference between CBILS & a Recovery Loan?

The Coronavirus Business Interruption Loan Scheme (CBILS) was a loan scheme for amounts of £50,000 to £5 Million. To be eligible for the scheme required an annual turnover of £200,000. The scheme ended on 31 March 2021. The Recovery Loan Scheme, like the CBILS, offers 2-6 year terms. RLS is for amounts of £25,000 to £10 million. It also has a lower annual turnover requirement – £100,000. RLS is available until 2024.