FINANCE OPTIONS
Growth Guarantee Scheme for Construction Supply Companies
The Growth Guarantee Scheme for Construction Supply Companies is a simple plan that helps supply businesses in construction grow steadily by providing financial support or assurances. If you’re part of the industry, it’s a smart way to feel confident about expanding your business. Want to learn more? Let’s explore how it can work for you!
- 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 Construction Supply Companies?
The Growth Guarantee Scheme for Construction Supply Companies provides financial backing and security, enabling businesses to engage in new projects confidently. This initiative helps mitigate risks associated with fluctuating market demands and ensures a stable supply chain, ultimately fostering growth and innovation within the construction sector.
Financial support
Risk mitigation
Market competitiveness
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What are the different types of Growth Guarantee Scheme for Construction Supply Companies?
Loan Guarantees
The scheme provides guarantees to lenders for loans given to construction supply companies.
Invoice Financing Guarantees
Guarantees support invoice financing arrangements for suppliers awaiting client payments.
Performance Bond Guarantees
The scheme backs performance bonds required for contracts in the construction supply sector.
What is the Growth Guarantee Scheme for Construction Supply Companies?
Loan Guarantees for Business Growth
The Growth Guarantee Scheme helps construction supply companies access funding they may struggle to secure elsewhere, by providing a 70% government-backed guarantee to lenders offering loans and finance. This encourages lenders to support businesses looking to invest and grow.
Support for Cashflow Through Invoice and Asset-Based Finance
Beyond loans, the scheme includes options like invoice finance and asset-based lending, helping construction supply companies manage their cashflow and working capital needs while waiting for client payments or investing in essential assets.
Flexible Facility Sizes and Easy Access
Companies can access finance ranging from £1,000 (for asset or invoice finance) up to £2 million, and the application process is available through accredited lenders and brokers, making the scheme flexible and accessible for a variety of business needs.
FAQ’S
Are construction supply companies eligible for the Growth Guarantee Scheme?
What is the maximum facility size under the Growth Guarantee Scheme for construction supply companies?
What can Growth Guarantee Scheme funds be used for in construction supply companies?
What security do construction supply companies need to provide under the Growth Guarantee Scheme?
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