FINANCE OPTIONS
Growth Guarantee Scheme for Builders’ Merchants – Apply Now
The Growth Guarantee Scheme for Builders’ Merchants is a government-backed program that helps businesses get better loan terms by guaranteeing a portion of the loan, making it easier and safer for lenders to offer funds. It's a great way to support growth with more accessible finance. Interested in learning how it can help your business? Reach out to explore your options!
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Builders’ Merchants?
The Growth Guarantee Scheme for Builders’ Merchants is designed to provide financial backing and resources to help merchants expand their operations. This initiative supports builders' merchants in navigating market challenges, enhancing their capacity to grow and compete effectively. By offering guarantees, the scheme mitigates financial risks, encouraging investments in innovation and infrastructure improvements, ultimately fostering a more robust construction supply chain.
Financial support
Increased market access
Risk mitigation
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What are the different types of Growth Guarantee Scheme for Builders’ Merchants?
Loan Guarantees
Government-backed guarantees for loans to builders’ merchants.
Trade Credit Insurance Support
Support for trade credit insurance to secure supply chains.
Working Capital Facilities
Guarantees for short-term working capital to help manage cash flow.
What is the Growth Guarantee Scheme for Builders’ Merchants?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides loans to builders’ merchants that are backed by a 70% government guarantee, making it easier to access funding. This reduces the risk for lenders so they are more likely to lend, but businesses are still responsible for repaying the entire amount borrowed.
Flexible Funding Options
Builders’ merchants can access a range of finance products through the scheme, such as term loans, overdrafts, asset finance, invoice finance, and asset-based lending, with loan sizes from £1,000 up to £2 million and repayment terms of up to 6 years.
Support for Business Growth and Sustainability
Funds from the scheme can be used for various business needs like cash flow, investing in growth, purchasing assets, or adopting sustainable equipment, helping builders’ merchants to expand and thrive in a competitive market.
FAQ’S
Can builders’ merchants apply for the Growth Guarantee Scheme?
What finance options are available for builders’ merchants under the Growth Guarantee Scheme?
How much can builders’ merchants borrow through the Growth Guarantee Scheme?
What is the repayment term for builders’ merchants using the Growth Guarantee Scheme?
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