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^Growth Guarantee Scheme for Electrical Wholesalers - Buy

Q: Is the Growth Guarantee Scheme available to electrical wholesalers?

Yes, electrical wholesalers can apply if they are UK-based with turnover up to £45m and meet other eligibility criteria.

Q: What finance facilities can electrical wholesalers access through the Growth Guarantee Scheme?

Electrical wholesalers can access term loans, overdrafts, asset finance, invoice finance, and asset-based lending under the Scheme.

Q: How much funding can electrical wholesalers get from the Growth Guarantee Scheme?

Electrical wholesalers can borrow from £1,000 up to £2 million per business group through the Scheme.

Q: Do electrical wholesalers need to provide security or guarantees for Growth Guarantee Scheme funding?

A personal guarantee may be required, but your home cannot be taken as security. The government guarantees 70%, but you remain liable for the full amount.

The Growth Guarantee Scheme for Electrical Wholesalers is a government-backed program that helps electrical wholesale businesses get easier access to loans by reducing lender risk. It supports growth by making finance more available and affordable. Interested in growing your wholesale business? Let's explore how this scheme can help you get the funds you need.

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What are the ^benefits of Growth Guarantee Scheme for Electrical Wholesalers?

The Growth Guarantee Scheme for Electrical Wholesalers is a strategic initiative designed to provide financial backing and resources to electrical wholesalers, fostering their development and stability in a competitive market. By mitigating financial risks and ensuring access to necessary funding, the scheme empowers wholesalers to invest in growth opportunities, enhance their service offerings, and contribute to overall industry stability.

Financial support

Market stability

Growth opportunities

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What are the different types of Growth Guarantee Scheme for Electrical Wholesalers?

Sales Volume Guarantees

Schemes that assure wholesalers a minimum sales volume or profit for specific electrical products.

Sales Volume Guarantees

Sales volume guarantees protect wholesalers by ensuring a minimum quantity or value of products sold, reducing risk and encouraging them to stock and promote new or featured electrical items from manufacturers or suppliers.

Buy-Back Agreements

Manufacturers agree to repurchase unsold inventory from wholesalers to reduce the risk of overstocking.

Buy-Back Agreements

Buy-back agreements mean suppliers will buy back unsold electrical stock after a certain period, helping wholesalers try new products without the fear of excess inventory and financial losses.

Rebate and Incentive Programs

Wholesalers receive financial rewards or rebates for hitting growth or sales targets set by suppliers.

Rebate and Incentive Programs

Rebate and incentive programs offer wholesalers additional earnings or discounts once they achieve specific sales milestones, motivating greater product promotion and driving overall sales growth.

What is the Growth Guarantee Scheme for Electrical Wholesalers?

Sales Volume Guarantees

This aspect of the scheme assures electrical wholesalers that they will achieve a minimum sales volume or profit for specific electrical products, reducing their risk when taking on new stock.

Buy-Back Agreements

Manufacturers agree to repurchase unsold inventory from wholesalers, helping them avoid overstocking and financial loss from products that do not sell as expected.

Rebate and Incentive Programs

Wholesalers can receive financial rewards or rebates when they hit certain growth or sales targets set by suppliers, encouraging increased effort and successful product turnover.

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FAQ’S

Is the Growth Guarantee Scheme available to electrical wholesalers?

What finance facilities can electrical wholesalers access through the Growth Guarantee Scheme?

How much funding can electrical wholesalers get from the Growth Guarantee Scheme?

Do electrical wholesalers need to provide security or guarantees for Growth Guarantee Scheme funding?

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^Growth Guarantee Scheme for Electrical Wholesalers - Buy

What are the ^benefits of Growth Guarantee Scheme for Electrical Wholesalers?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Electrical Wholesalers?

Sales Volume Guarantees

Sales Volume Guarantees

Buy-Back Agreements

Buy-Back Agreements

Rebate and Incentive Programs

Rebate and Incentive Programs