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Growth Guarantee Scheme

Compare one of the largest lending panels in the UK with an application that takes minutes. Instant decisions and same day funding available.

Sourcing finance, supporting growth

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Borrow £10k - £10m
Funding requirement
Instant Quotes
Available on request
Compare 100 Lenders
Market leading lenders
Instant Decisions
Subject to lender, up to £250k
Same Day Funding
Subject to product, and lender
Dedicated Account Manager
One point of contact throughout

Business loans to support your unique business needs

Secure a business loan to give your business the financial flexibility to…

Improve cash flow

Pay your tax bills, or supplier payments smoothly-even during seasonal dips or while waiting on unpaid invoices.

25. Financial Growth

Scale for growth

Looking to hire staff, boost your marketing, or launch a new location? Whatever your goals, we’re here to help.

10. Pie Diagram

Upgrade your business

Upgrade equipment, develop your team, and invest in your business to boost productivity and drive efficiency.

Purchase stock or materials

Purchase stock, materials, or equipment to keep your projects on track and meet deadlines with confidence.

Prefer to talk? Contact us today on 01908 880420

How it works

Accessing business finance doesn’t need to be complicated or time-consuming. We put you in front of multiple lenders to bring you fast, flexible solutions that meet your finance needs.

01

Apply in minutes

Submit basic information about your business and your requirements, you can do this either online or by calling us on 01908 880420.

02

Tailor your application

A member of our team will then speak with you to obtain further information relevant to your application, to help tailor it to your specific needs.
03

Review your offers

We will provide you with any conditional offers, that you be be approved for, and answer any further questions that you may have on them.
04

Get funded

Once you have accepted, and completed the paperwork of your preferred offer, funds can potentially be with you on the same day (subject to lender and product).

Prefer to talk? Contact us today on 01908 880420

How Business Loans Can Help Your Growth

Business loans are more than just finance — they’re a tool to help your company move forward with confidence. Whether it’s managing day-to-day operations or seizing a big opportunity, funding can make the difference. What would you do with £250k right now?

Why Choose a Business Loan?

A business loan gives you the freedom to invest where your business needs it most. Common uses include:

Why use The Funding Store?

If you need immediate access to finance our team will work to your brief, providing a same day decision, with finance in your account on the same day (subject to product and lender).

We have access to some of the UK’s leading finance providers, who can offer you some very competitive rates for your finance needs. Contact us to discuss your requirements.

We don’t use a scattergun approach, Understanding your finance needs allows us to approach the right lenders on our panel, which means you will not be hit by multiple credit searches.

We don’t charge for searching for your finance. We only earn if you choose a finance package that you are happy with, therefore our sole focus is finding finance that meets your needs.

We are happy to talk to everyone involved, including your accountant, IFA or solicitor to make sure we are all working together, or to request information, taking the hassle off your shoulders.

Transparency

No upfront broker fees

Sourcing finance

Access to over 100 market leading lenders

Supporting Growth

Funding for almost any purpose

We Build Relationships

We are continually reviewing funding providers to bring you choice, competitive rates and flexibility, allowing you to access the right finance, at the right time.

Dedicated Account Managers

Most importantly, we are passionate about what we do. This is evident in our enthusiasm and commitment to assisting you at each stage, and after you have secured your finance.

Frequently Asked Questions

At The Funding Store, we know that choosing the right finance option can feel overwhelming.
Any UK-registered business, whether a sole trader, partnership, or limited company, may apply. The amount and type of loan available will depend on your trading history, turnover, and circumstances.
We work with over 75 lenders offering loans from as little as £5,000 to several million pounds. The exact amount will depend on your business needs and financial position.
We work with over 75 lenders offering loans from as little as £5,000 to several million pounds. The exact amount will depend on your business needs and financial position.
Not always. We offer both secured and unsecured loans. Secured loans require collateral, such as property or equipment, while unsecured loans do not.
No. Submitting an application with us will not affect your credit score. A credit check is only carried out once you choose to proceed with a lender.
We remove the hassle of searching for finance by connecting you to a wide panel of trusted lenders. With competitive rates, no upfront broker fees, and a dedicated account manager, we ensure you get the right loan quickly and transparently.

Are you looking for the Growth Guarantee Scheme?

Information updated and correct as of 1st July 2024

Fuel Your Business Growth with the Growth Guarantee Scheme (GGS)

Navigating the challenges of business requires the right funding for stability and expansion.

At The Funding Store, we proudly support UK businesses by offering insights and access to the government-backed Growth Guarantee Scheme (GGS).

The Growth Guarantee Scheme (GGS) is a UK government initiative designed to enhance financial access for businesses aiming to grow.

It offers up to £2 million in financing, providing the capital needed for cash management, scaling, and investments. Eligible businesses must demonstrate the capacity to manage additional debt responsibly.

Managed by the British Business Bank, under the Secretary of State for Business and Trade’s directive, the Growth Guarantee Scheme (GGS) empowers enterprises to achieve their growth objectives.

What is the Growth Guarantee Scheme?

The Growth Guarantee Scheme (GGS) is Government-Backed Finance and an Extension to the Recovery Loan Scheme, which in turn was a replacement for the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce back loan (BBL).

The Growth Guarantee Scheme (GGS) supports smaller UK businesses by providing access to finance with a government-backed lender guarantee of 70%, helping them secure loans and other financial products.

Why Your Business Should Consider the Growth Guarantee Scheme (GGS)

The Growth Guarantee Scheme (GGS) offers invaluable support for small businesses aiming to expand. Here’s why you should consider it:

1. Access to Finance: With a 70% government-backed lender guarantee, the Growth Guarantee Scheme (GGS) makes it easier to secure loans and financial products, reducing the risk for lenders and increasing your chances of approval.

2. Growth Opportunities: The scheme provides up to £2 million in finance, enabling you to invest in new projects, hire more staff, and expand your operations.

3. Flexible Use: Funds from the Growth Guarantee Scheme (GGS) can be used for various purposes, including working capital, asset purchases, and refinancing existing debt, giving you the flexibility to address your specific business needs.

4. Trusted Support: Backed by the UK government, the Growth Guarantee Scheme (GGS) offers reliable and trusted support, helping you navigate financial challenges and achieve sustainable growth.

5. Long-term Benefits: By improving access to finance, the Growth Guarantee Scheme (GGS) helps build a strong financial foundation for your business, fostering long-term stability and success.

When will this become available?

The Growth Guarantee Scheme (GGS) will be available starting from July 1, 2024.

Features:

  • Up to £2 million per business group: The maximum amount of a facility provided under the scheme is £2 million per business group for borrowers outside the scope of the Northern Ireland Protocol, and up to £1 million per business group for Northern Ireland Protocol borrowers. Minimum facility sizes vary, starting at £1,000 for asset and invoice finance, and £25,001 for term loans and overdrafts.

  • Wide range of products: Growth Guarantee Scheme (GGS) supports term loans, overdrafts, asset finance and invoice finance facilities. Not all lenders will be able to offer all products.

  • Term length: Term loans and asset finance facilities are available from three months up to six years, with overdrafts and invoice finance available from three months up to three years.

  • Access to multiple schemes: Businesses that took out a Recovery Loan Scheme (RLS), Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS)  are not prevented from accessing Growth Guarantee Scheme (GGS) , but in some instances borrowing under these schemes may reduce the maximum amount the borrower is eligible for.

  • Pricing: Interest rates and fees charged by lenders will vary and will depend on the specific lending proposal. The lender’s pricing should take into account the benefit of the Government guarantee.

  • Personal Guarantees: Personal guarantees can be taken at the lender’s discretion, in line with their normal commercial lending practices. Principal Private Residences cannot be taken as security within the Scheme.

  • Guarantee is to the lender: The scheme provides the lender with a 70% government-backed guarantee against the outstanding balance of the facility after it has completed its normal recovery process. The borrower always remains 100% liable for the debt;

Eligibility criteria:

  • Turnover limit: The Growth Guarantee Scheme (GGS) is open to smaller businesses with a turnover of up to £45m (on a group basis, where part of a group).

  • UK-based: The borrower must be carrying out trading activity in the UK and, for most businesses, generating more than 50% of its income from trading activity.

  • Viability test: The lender must consider that the borrower has a viable business proposition but may disregard (at its discretion) any concerns over its short-to-medium term business performance due to the uncertainty and impact of Covid-19.

  • Business in difficulty: The borrower must not be a business in difficulty, including not being in relevant insolvency proceedings.

  • Subsidy limits: Borrowers will need to provide written confirmation that receipt of the Growth Guarantee Scheme (GGS) facility will not mean that the business exceeds the maximum amount of subsidy they are allowed to receive.

    All borrowers in receipt of a subsidy from a publicly funded programme should be provided with a written statement, confirming the level and type of aid received.

 

How do I access the Growth Guarantee Scheme (GGS)

To apply for the Growth Guarantee Scheme (GGS), you will need to provide supporting evidence that you can afford to repay the Growth Guarantee Scheme (GGS) facility, including, but not limited to:

  • Historic financial accounts

  • Management accounts

  • Details of the asset (if asset finance)

The Funding Store have a panel of Growth Guarantee Scheme (GGS) accredited lenders that can assist with your search for the right business finance in this difficult and uncharted time.

The Growth Guarantee Scheme (GGS) aims to improve the terms on offer to borrowers. If a lender can offer a commercial loan on better terms, they will do so.

Please note that your business will be liable for 100% of the debt. When taking out funding through the Growth Guarantee Scheme (GGS) , the business is liable for the full loan amount. The Government Backed Guarantee is to the Lender and not the Business.

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Apply Now for a Business Loan with The Funding Store

Accessing the right finance shouldn’t be complicated. At The Funding Store, we make it simple to apply for a business loan that gives you the flexibility to manage cash flow, cover expenses, invest in growth, or purchase new equipment. By completing our quick application form, you’ll be connected to a wide panel of lenders, ensuring you receive competitive rates and funding that fits your specific needs.

Our process is straightforward—submit your details online, receive tailored offers, and once approved, you could have the funds in your account in as little as 24 hours. With no upfront charges, transparent terms, and dedicated account managers to guide you at every step, we’re here to support your business growth.

Fill in the form today to get started and see how quickly we can help secure the funding your business deserves.

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