Start by sharing a few key details about the business, the amount being considered and the type of finance being explored.
The enquiry may be reviewed and matched with lenders or finance providers based on the information provided.
If suitable, a member of the team or a finance provider may get in touch to explain the next steps, available options and any information required.
The Growth Guarantee Scheme is a government-backed scheme designed to support access to finance for eligible businesses through accredited lenders.
The scheme is the successor to the Recovery Loan Scheme. Businesses may still recognise the former name, but the current scheme is the Growth Guarantee Scheme.
Finance is provided by accredited lenders, not directly by the government. Applications remain subject to lender checks, scheme rules, status and eligibility.
The Growth Guarantee Scheme is delivered through lending partners accredited by the British Business Bank. Each lender may apply its own checks and criteria, so eligibility and suitability are assessed by the lender alongside any other finance options they may offer.
To be considered for the Growth Guarantee Scheme, a business will generally need to:
The Growth Guarantee Scheme is designed to support access to finance for eligible businesses through participating lenders. Applications remain subject to scheme rules, lender criteria, status and eligibility.
Finance is provided by lenders participating in the scheme, not directly by the government.
The scheme may support finance for growth, working capital, investment or wider trading requirements.
Eligibility, product type, terms and availability depend on the lender, business profile and scheme requirements.
Not sure whether the Growth Guarantee Scheme may be relevant? Speak with the team to discuss the business, the amount being considered and the reason finance is needed.
Advance Funds Network can help explain the enquiry process, what information may be needed and how suitable options may be reviewed with lenders or finance providers.
The Growth Guarantee Scheme is a government-backed scheme designed to support access to finance for eligible businesses through accredited lenders.
The Growth Guarantee Scheme is the successor to the Recovery Loan Scheme. The Recovery Loan Scheme name may still be familiar, but the current scheme is the Growth Guarantee Scheme.
No. Finance is provided by accredited lenders, not directly by the government.
Eligibility depends on the lender and the scheme rules. The British Business Bank says the scheme is open to smaller businesses with turnover of up to £45 million on a group basis, subject to conditions.
No. The scheme does not guarantee approval. Applications are still subject to lender checks, scheme rules, status and eligibility.
A lender may ask for business details, trading information, bank statements, company information and details about the finance being considered.
