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Growth Guarantee Scheme for Construction Companies - Apply

The Growth Guarantee Scheme is a vital government initiative aimed at bolstering the financial stability of construction SMEs across the UK. By providing necessary funding, it aids in improving cash flow and facilitating investments in critical infrastructure and equipment. This scheme, in conjunction with solutions like asset finance, offers indispensable support to growing businesses and fosters economic resilience.

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What are the benefits of Growth Guarantee Scheme for Construction Companies?

Implementing the Growth Guarantee Scheme presents immense benefits such as augmented cash flow management and reduced financial risks from delayed payments. It enables construction firms to secure amounts ranging from £10,000 to £1 million, with decision times spanning 1-4 weeks. Opt for solutions like enterprise finance guarantee to streamline your funding needs effectively.

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Enhances financial security
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Encourages project investment
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Boosts company reputation

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What are the different types of Growth Guarantee Scheme for Construction Companies?

Asset Finance

Asset Finance is tailored for UK-registered construction companies, offering £10,000 to £500,000 for asset purchases critical to operations. Explore more through asset finance options.

Asset Finance

This finance option provides decision times of 2-4 weeks, with interest rates ranging from 3% to 12% based on asset risk profiles. Examples include builders acquiring excavators. Learn about applying via our asset finance calculator.

Invoice Finance

Invoice Finance caters to construction firms with a creditworthy client base, providing advances of 70%-90% of invoice value. Discover options for invoice financing.

Invoice Finance

Using this, funds are accessed within 24-48 hours after submission with fees from 1% of invoice value. It suits subcontractors awaiting big contractor payments. Calculate your potential funds with our invoice finance calculator.

Trade Finance

Trade Finance supports firms importing/exporting goods, offering £10,000 to £1 million. Good for securing international materials. See our trade finance options.

Trade Finance

Decisions are made between 2-3 weeks, with rates from 4%-7%. Typical users include firms buying overseas materials. Apply via export finance services.

What is the Growth Guarantee Scheme for Construction Companies?

Application Processes

Applications require financial statements and business plans. Credit checks and assessments are standard, and processes span several weeks. Simplify this with our industry scheme guide.

Regulatory Aspects

Compliance with FCA regulations ensures fair treatment. Specific FCA rules apply, depending on the finance type, which you can navigate via our regulatory guides.

Borrowing Capacity

Borrowing ranges from £10,000 to £1 million, influenced by turnover and collateral. Benefit from competitive rates through investment allowances.

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FAQ’S

How much can I borrow under the Growth Guarantee Scheme?
How quickly can I get a decision on my application?
What are the interest rates for these financial products?
What are the eligibility criteria for accessing these finance options?

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