Unlocking the Potential of Government-Backed Funding
The Growth Guarantee Scheme (GGS) is a transformative initiative for UK businesses, offering government-backed funding designed to drive growth and stability. Whether you’re scaling up, investing in new equipment, or need support during uncertain times, GGS loans could be the financial solution you’ve been looking for.
What Is the Growth Guarantee Scheme?
Launched to help businesses recover and thrive, the GGS provides a 70% government guarantee to lenders, encouraging them to offer affordable loans to eligible businesses. This means greater access to funding for companies that may not have qualified for traditional finance options.
Key Features of GGS Loans
- Loan amounts ranging from £25,000 to £2 million.
- Flexible repayment terms, from 3 months to 6 years.
- Competitive rates starting at 5.5% APR.
- Available for various purposes, including working capital, asset purchases, and cash flow management.
Why GGS Loans Are a Game Changer
- Accessibility: Open to businesses with a turnover of up to £45 million.
- Diverse Uses: From marketing and recruitment to purchasing machinery, the flexibility of GGS loans ensures they meet your unique needs.
- No Home Security Required: Unlike some other loans, your primary residence is not at risk.
Real-Life Impact
A UK-based manufacturer was able to purchase state-of-the-art machinery through a £500,000 GGS loan, leading to a 30% increase in production capacity and securing new contracts. This funding provided the foundation for sustainable growth and competitiveness.
Could Your Business Benefit?
If you’re ready to explore how GGS loans can support your ambitions, WSC Finance can help. Our experts guide you through the process, ensuring fast approvals and tailored financial solutions.