FINANCE OPTIONS

^Growth Guarantee Scheme for Cybersecurity Software Companies

Q: Is the Growth Guarantee Scheme available for cybersecurity software companies?

Yes, cybersecurity software companies are eligible if they are UK-based, with a turnover under £45m and meet standard eligibility. No sector-specific restrictions.

Q: What loan amounts can cybersecurity software companies access under the Growth Guarantee Scheme?

Eligible companies can access loans up to £2m per group, with minimums of £25,001 for term loans and £1,000 for asset or invoice finance.

Q: Are there special requirements for cybersecurity software companies applying for the Growth Guarantee Scheme?

No, there are no sector-specific requirements. All eligible businesses must meet standard criteria regarding UK operations, turnover, and trading activity.

Q: How do cybersecurity software companies apply for the Growth Guarantee Scheme?

Applications are made via approved lenders. Companies need a business plan, annual accounts, and cash flow forecast. The process is the same for all sectors.

The Growth Guarantee Scheme is a UK government-backed program that helps small cybersecurity software companies get access to loans and finance to grow their business, by reducing the risk for lenders. If you're looking to invest and expand your cybersecurity software company, this scheme could be a helpful way to secure funding with good terms. Interested in learning more? Let's explore how it can benefit your business!

Business loans

Secure up to £500,000 in Business loans with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

What are the ^benefits of Growth Guarantee Scheme for Cybersecurity Software Companies?

The Growth Guarantee Scheme for Cybersecurity Software Companies is a vital initiative designed to support emerging and established firms in enhancing their cybersecurity offerings. By providing financial backing, it enables these companies to invest in research and development, helping to foster innovation while ensuring the security of digital infrastructures. This scheme not only aids companies in scaling their solutions but also promotes a safer digital environment across various sectors, thereby benefiting society as a whole.

Financial support

Encourages innovation

Boosts market presence

SCALE YOUR BUSINESS TO NEW HEIGHTS

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

Loan Guarantee Schemes

Government or financial institutions guarantee loans to cybersecurity software companies, reducing lender risk.

Loan Guarantee Schemes

Loan guarantee schemes help cybersecurity software companies access loans by promising to cover a portion of the lender’s losses if the borrower defaults, making banks more willing to lend to innovative yet risky firms.

Equity Guarantee Schemes

Schemes where governments or agencies guarantee investments in a company’s equity, encouraging VC or private funding.

Equity Guarantee Schemes

Equity guarantee schemes reduce the risk for venture capitalists and private investors by guaranteeing part of their investment in cybersecurity startups, thus promoting funding for high-growth companies.

Revenue-Based Guarantee Schemes

Programs guarantee repayment based on a company’s future revenues, supporting startups with variable income.

Revenue-Based Guarantee Schemes

Revenue-based guarantee schemes assure lenders repayment from a percentage of the company’s future revenues, enabling cybersecurity startups with unpredictable cash flow to secure necessary growth capital.

What is the Growth Guarantee Scheme for Cybersecurity Software Companies?

Government-Backed Loan Guarantees

The Growth Guarantee Scheme supports cybersecurity software companies by providing a government-backed guarantee for 70% of a loan's value. This makes lenders more willing to offer finance to companies that might otherwise struggle to secure loans due to perceived risks.

Access to Finance for Growth and Investment

Through the scheme, cybersecurity software companies can access loans, overdrafts, or other finance options up to £2 million. This support is designed to help companies invest in scaling up, developing new products, or expanding into new markets.

Reduced Lender Risk and Better Terms

Because the government covers most of the lender's risk, businesses may benefit from improved lending terms and higher loan approval rates. While companies are still responsible for repaying their loans, the reduced risk encourages lenders to support more innovative and fast-growing firms such as those in cybersecurity.