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^Growth Guarantee Scheme for Dropshipping Businesses - Apply

Q: Are dropshipping businesses eligible for the Growth Guarantee Scheme?

Yes, dropshipping businesses are eligible if they are UK-based, have a turnover up to £45m, and generate over 50% of income from trading.

Q: Can loans from the Growth Guarantee Scheme be used for cash flow in dropshipping?

Yes, loans can be used for any legitimate business purpose, including cash flow, stock purchases, or business growth in dropshipping.

Q: Is the Growth Guarantee Scheme sector-specific or open to all businesses including e-commerce?

The scheme is open to most trading businesses, including e-commerce and dropshipping, except a few in financial and public sectors.

Q: Are start-up dropshipping businesses eligible for the Growth Guarantee Scheme?

Yes, start-ups and businesses under three years old may be eligible subject to lender discretion and standard checks.

The Growth Guarantee Scheme for Dropshipping Businesses is a plan that helps dropshipping shops grow safely by promising support and strategies that reduce risks and boost sales. If you're ready to take your dropshipping business to the next level, this scheme can be a great help!

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What are the ^benefits of Growth Guarantee Scheme for Dropshipping Businesses?

The Growth Guarantee Scheme for Dropshipping Businesses provides entrepreneurs with a supportive framework to thrive in a competitive market. By minimizing risks associated with inventory management and upfront costs, this scheme helps businesses scale effectively while ensuring a steady revenue stream. This approach not only fosters growth but also encourages innovation and quick adaptations to market trends.

Boosts sales potential

Reduces financial risk

Enhances market competitiveness

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Dropshipping Businesses?

Revenue Guarantee Program

A scheme that promises a minimum revenue or sales threshold for eligible dropshipping businesses.

Revenue Guarantee Program

Revenue Guarantee Programs assure dropshippers a minimum income if they meet certain criteria, reducing business risk and encouraging new entrants by refunding shortfalls or providing credits if growth targets aren't met.

Supplier Reliability Assurance

Guarantees that suppliers will maintain product quality, stock availability, and timely shipping.

Supplier Reliability Assurance

Supplier Reliability Assurance ensures dropshippers are protected from supplier failures by compensating for missed deliveries, poor quality, or stockouts, boosting customer satisfaction and business reputation.

Marketing Support Guarantee

Provides guaranteed marketing resources or support to help businesses achieve growth targets.

Marketing Support Guarantee

Marketing Support Guarantees offer dropshippers access to promotional tools, ad credits, or expert guidance, ensuring they can reach more customers and boost growth, often with clear performance benchmarks or outcomes.

What is the Growth Guarantee Scheme for Dropshipping Businesses?

Easier Access to Business Loans

The Growth Guarantee Scheme helps dropshipping businesses by making it easier to qualify for business loans. The government guarantees most of the loan to the lender, so more businesses can access funding for growth, stock, or operating costs.

No Direct Operational Guarantees

The scheme does not promise a minimum revenue, supplier reliability, or marketing support. Its main purpose is to support access to finance, not to guarantee business outcomes or operations.

Flexible Use of Funds

Businesses can use the borrowed money for a wide range of purposes, like managing cash flow, buying assets, or investing in growth, as long as the spending is for legitimate business purposes.

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FAQ’S

Are dropshipping businesses eligible for the Growth Guarantee Scheme?

Can loans from the Growth Guarantee Scheme be used for cash flow in dropshipping?

Is the Growth Guarantee Scheme sector-specific or open to all businesses including e-commerce?

Are start-up dropshipping businesses eligible for the Growth Guarantee Scheme?

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^Growth Guarantee Scheme for Dropshipping Businesses - Apply

What are the ^benefits of Growth Guarantee Scheme for Dropshipping Businesses?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Dropshipping Businesses?

Revenue Guarantee Program

Revenue Guarantee Program

Supplier Reliability Assurance

Supplier Reliability Assurance

Marketing Support Guarantee

Marketing Support Guarantee