FINANCE OPTIONS
Growth Guarantee Scheme for Convenience Stores - Apply Now
Growth Guarantee Scheme for Convenience Stores is a program that helps these stores grow by offering certain guarantees, like consistent support or financial stability, to make it easier for them to succeed. Interested in learning how it can help your store? Let’s explore more!
- 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 Convenience Stores?
The Growth Guarantee Scheme for Convenience Stores offers a financial safety net for small retailers, ensuring that they can thrive in an increasingly competitive market. By providing guarantees against certain losses, this scheme empowers convenience store owners to invest in their businesses confidently, knowing they have financial support to mitigate risks. This results in better inventory management, enhanced customer service, and overall business resilience.
Financial security
Support for growth
Improved profitability
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Growth Guarantee Scheme for Convenience Stores?
Loan Guarantee Scheme
A scheme where government or financial institutions guarantee loans for convenience stores.
Revenue Support Scheme
A scheme that offers financial support based on revenue performance.
Training and Advisory Support
Support focused on providing skills, training, and business advice to store owners.
What is the Growth Guarantee Scheme for Convenience Stores?
Loan Guarantee Support
The Growth Guarantee Scheme provides convenience stores with access to loans or other finance options like overdrafts and asset finance that are backed by a 70% government guarantee to the lender, making it easier for small businesses to get much-needed funding for growth and investment.
Broad Eligibility and Flexible Use
Convenience stores and similar small businesses with a turnover up to £45 million and at least two years of trading can apply. The funds from the scheme can be used for various purposes such as buying equipment, managing cash flow, paying staff, or funding business expansion.
No Revenue or Advisory Support Included
The scheme is focused purely on facilitating government-backed loans; it does not provide additional revenue support, training, or direct business advisory services as part of the package, although external guidance resources may be suggested.
FAQ’S
Who is eligible for the Growth Guarantee Scheme for convenience stores?
What loan amount can convenience stores access under the Growth Guarantee Scheme?
Does the Growth Guarantee Scheme require a personal guarantee for convenience stores?
Can convenience stores apply if they have already used other government loan schemes?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£500K
to
£500K
zero hidden fees
