FINANCE OPTIONS

^Growth Guarantee Scheme for Finance Recruitment Agencies Go

Q: Are finance recruitment agencies eligible for the Growth Guarantee Scheme?

Yes, finance recruitment agencies are eligible if they meet the scheme’s criteria and are not on the list of excluded sectors.

Q: What types of finance can finance recruitment agencies access through the Growth Guarantee Scheme?

Finance recruitment agencies can access term loans, overdrafts, asset finance and invoice finance under the Growth Guarantee Scheme.

Q: Is there a turnover limit for finance recruitment agencies applying for the Growth Guarantee Scheme?

Yes, to apply, agencies must have an annual turnover not exceeding £45 million and meet viability criteria.

Q: Do finance recruitment agencies need to provide security for loans through the Growth Guarantee Scheme?

The scheme may require personal guarantees but not a business owner’s primary residence as security for loans.

The Growth Guarantee Scheme is a government-backed loan program designed to help small UK businesses, including finance recruitment agencies, get the funding they need to grow. It offers loans with a 70% government guarantee, making it easier to access finance for things like managing cash flow or investing in the business. If you're a finance recruitment agency looking to expand, this scheme could be a helpful option to explore.

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What are the ^benefits of Growth Guarantee Scheme for Finance Recruitment Agencies?

The Growth Guarantee Scheme for Finance Recruitment Agencies provides vital support by ensuring that agencies are compensated for their efforts in sourcing candidates even when placements do not meet initial expectations. This incentivizes a commitment to quality and success, helping finance recruitment agencies thrive while fostering a more sustainable hiring environment for employers.

Increased placements

Lower recruitment risks

Enhanced agency reputation

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Finance Recruitment Agencies?

Government-Backed Loan Guarantees

Schemes where the government guarantees a portion of loans for agencies.

Government-Backed Loan Guarantees

These programs reduce lender risk by guaranteeing a percentage of the loan, helping finance recruitment agencies secure funding to scale operations, hire staff, or invest in technology, even if they lack collateral or a strong credit history.

Invoice Finance Guarantee Schemes

Guarantee programs supporting invoice-based lending for agencies.

Invoice Finance Guarantee Schemes

Agencies use outstanding client invoices as collateral for loans. Guarantee schemes reduce lender risk, boosting access to working capital, supporting cash flow, and enabling agencies to grow despite payment delays from clients.

Equity Investment Guarantee Schemes

Schemes where equity investments in agencies receive partial guarantees.

Equity Investment Guarantee Schemes

These schemes encourage private investors to fund finance recruitment agencies by guaranteeing part of their investment, improving access to growth capital for expansion, technology upgrades, or market entry.

What is the Growth Guarantee Scheme for Finance Recruitment Agencies?

Government-Backed Loan Guarantee

The Growth Guarantee Scheme offers loans to finance recruitment agencies that come with a 70% government guarantee to the lender, making it easier for these agencies to access funding from banks and other accredited lenders.

Flexible Financial Products for Growth

Finance recruitment agencies can use the scheme for various financing needs, such as term loans, overdrafts, asset finance, and invoice finance. This supports agencies in managing cash flow, investing in their business, or purchasing assets as they grow.

Applicable to Most Small and Medium Agencies

The scheme is open to UK-based agencies with a group turnover of up to £45 million who are viable businesses and not in financial difficulty. It is available even if the agency previously benefited from other government support loans, as long as current limits are respected.