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The Growth Guarantee Scheme helps businesses of all sizes, with access to loans of up to £2 million.
The Growth Guarantee Scheme is the successor to the Recovery Loan Scheme (RLS).
It is designed to support access to finance for UK SME's as they look to invest and grow.
The Growth Guarantee Scheme enables UK businesses to access loans and other kinds of finance of up to £2m per business.
The funding can be used for any legitimate business purpose, including business growth and investment.
Like the Recovery Loan Scheme, the government will continue to guarantee 70% of the finance to the lender, however, personal guarantees can be taken at the lender’s discretion.
Businesses that have already received support under existing COVID-19 guaranteed loan schemes (such as CBILS, Bounce Back and RLS loans) will still be eligible to access the growth guarantee scheme.
10,000+ Companies Helped
Supporting businesses of all sizes with whole of market financial access.
To be eligible for the Growth Guarantee Scheme, you’ll need to meet the following criteria:
To help as many businesses as possible, funders will need to look at a business’s performance over a longer period of time to ascertain whether it has a viable business proposition, regardless of the impact of COVID-19.
You can use the scheme to help your business:
A funder can provide up to £2 million in the form of one of the following facilities:
MAF Finance Group can compare finance offerings from a wide panel of lenders to find the best option for you.
If you would like to get a quote or need further information, simply fill in the form and we will contact you. If you want to speak to someone directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, email us at enquiries@maffinancegroup.co.uk.
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