Growth Guarantee Scheme for Cybersecurity Companies - Apply
The Growth Guarantee Scheme is a financial assistance programme designed to support UK SMEs in the cybersecurity industry by providing loan guarantees, enabling them to access funding for expansion and development projects. By offering security to lenders, it facilitates access to funding, allowing businesses to scale operations, launch new products, and enter new markets. Find out more about government growth schemes.
- 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 Cybersecurity Companies?
This scheme offers significant benefits such as access to larger, more affordable funding options and reduced risks for lenders due to government backing. It provides crucial support for SMEs aiming to expand in growing markets, often complying with FCA regulations and guidelines provided by the British Business Bank. For more details on compliance, visit our compliance guide.
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What are the different types of Growth Guarantee Scheme for Cybersecurity Companies?
Growth Capital Loan
The Growth Capital Loan offers between £50,000 and £500,000, tailored for UK-registered cybersecurity SMEs with at least two years of operation and a viable growth plan. Typical lending terms range from 12 to 60 months. Explore funding options like angel investors.
Innovation Funding Loan
Aimed at cybersecurity SMEs with focus on R&D, this loan offers between £75,000 and £300,000. Ideal for companies with turnover less than £25 million, the terms range from 24 to 48 months. Learn more about enterprise finance guarantee.
Export Growth Loan
The Export Growth Loan serves UK-based cybersecurity companies looking to enter international markets, offering amounts from £100,000 to £1,000,000 over 36 to 72 months. Read reviews on funding secure options.
What is the Growth Guarantee Scheme for Cybersecurity Companies?
Application Process and Timelines
The application process is crucial and involves submitting detailed financial records and growth projections to partner banks. Initial decisions can take 3 to 7 weeks, with funds becoming available 2 to 4 weeks after approval. We streamline this process for our clients, ensuring timely access to government-backed schemes.
Regulatory and Compliance Requirements
Compliance with FCA regulations and guidelines by the British Business Bank is mandatory for these schemes. Our expertise ensures that all applications meet these standards, providing peace of mind and security. Learn more about regulatory requirements.
Borrowing Capacity and Rate Information
Borrowers can access between £50,000 and £1,000,000, with factors such as business revenue and creditworthiness affecting the amounts. Interest rates typically range from 5% to 12% per annum, encompassing various fees. We offer competitive rates tailored to your needs. Explore more on borrowing capacity.
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