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Growth Guarantee Scheme for Cleaning Companies - Apply Now
The Growth Guarantee Scheme for Cleaning Companies is a program designed to help cleaning businesses grow by providing support and resources with a promise of measurable progress. It's a simple way for companies to boost their success with confidence.
Interested in learning more? Let’s explore how this can help your cleaning business thrive!
- 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 Cleaning Companies?
The Growth Guarantee Scheme for Cleaning Companies provides a structured approach to ensuring consistent revenue and business growth. By offering guarantees based on performance metrics, it helps cleaning companies foster stability, attract clients, and build strong relationships through reliability. This scheme supports companies in overcoming financial uncertainties while enhancing their competitive edge in the market.
Predictable income
Improved cash flow
Enhanced client trust
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What are the different types of Growth Guarantee Scheme for Cleaning Companies?
Government-Backed Loan Schemes
Loans guaranteed by the government to help cleaning companies access funding.
Revenue-Based Financing
Funding tied to a percentage of future revenue instead of fixed repayments.
Performance-Based Grants
Grants provided when cleaning companies meet specific business milestones.
What is the Growth Guarantee Scheme for Cleaning Companies?
Government-Backed Guaranteed Loans
The Growth Guarantee Scheme offers cleaning companies access to loans and finance products that are partially guaranteed by the UK government. This means that if the business cannot repay, the government covers 70% of the lender’s losses, making it easier for cleaning companies to get approved for funding, even if they have limited collateral.
Wide Range of Flexible Funding Options
Cleaning companies can use the scheme to access various types of finance: term loans, overdrafts, asset finance, invoice finance, and asset-based lending. The funds can be used for different business needs such as purchasing equipment, improving cash flow, hiring staff, or expanding premises.
Defined Eligibility and Repayment Terms
To qualify, cleaning companies must be UK-based, have been trading for at least 2 years, and have a group turnover of up to £45 million. Loan amounts can be up to £2 million, with repayment periods ranging from 3 months to 6 years, offering flexibility to suit different business circumstances.
FAQ’S
Are cleaning companies eligible for the Growth Guarantee Scheme?
Can a cleaning company access up to £2 million through the Growth Guarantee Scheme?
What is required for a cleaning business to qualify for the Growth Guarantee Scheme?
Are there sector restrictions for the Growth Guarantee Scheme relevant to cleaning companies?
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