FINANCE OPTIONS
Get Growth Guarantee Scheme for Fintech Software Companies
The Growth Guarantee Scheme is a UK government-supported program that helps fintech software companies get loans by reducing the risk for lenders. It lets these companies borrow money more easily to invest in and grow their business. If you're ready to expand, this scheme could be a great option to explore with your bank or lender.
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Fintech Software Companies?
The Growth Guarantee Scheme for Fintech Software Companies offers a framework to enhance the growth and sustainability of fintech firms. It provides financial assistance, mentorship, and resources to help companies navigate the complexities of scaling their operations. By stabilizing funding during crucial growth phases, it encourages innovation and helps companies become more resilient in the competitive fintech landscape.
Boosts business growth
Encourages innovation
Supports financial stability
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Growth Guarantee Scheme for Fintech Software Companies?
Government-backed Loan Guarantees
Government provides guarantees on loans to fintechs, reducing lender risk.
Venture Capital Guarantee Schemes
Schemes that guarantee part of VC investments in fintech to attract funding.
Revenue-Based Financing Guarantees
Guarantees for revenue-based financing, supporting fintechs with variable income.
What is the Growth Guarantee Scheme for Fintech Software Companies?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides a 70% government guarantee to lenders on loans given to UK fintech software companies, making it easier for these businesses to access funding for investment or growth. However, the guarantee is for the lender, and the company remains fully responsible for repaying the loan.
Purpose and Benefits
Fintech software companies in the UK with an annual turnover up to £45 million can apply for loans of up to £2 million under the scheme. The loans can be used for various purposes such as working capital or business investment, with repayment terms ranging from 3 months to 6 years, depending on the facility type.
Purpose and Benefits
The scheme aims to help innovative companies grow by reducing lender risk, thereby providing more opportunities for fintech software firms to secure the funding they need, even if they previously used other government loan schemes. Eligible businesses must prove viability and provide required documentation.
Real Scenarios
Construction Company Needing Fast Working Capital
Situation
A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.
Challenge
Traditional bank applications were too slow; they needed a decision and funds within days.
Outcome
Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.
Ecommerce Business Preparing for Peak Season
Situation
An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.
Challenge
They wanted flexible terms and a quick turnaround so stock could be ordered in time.
Outcome
Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.
Marketing Agency Using Invoice Finance
Situation
A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.
Challenge
They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.
Outcome
Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.
Property Developer Using Bridging Finance
Situation
A developer needed short-term finance to complete a purchase before selling an existing property.
Challenge
They required a fast decision and flexible terms to align with the sale timeline.
Outcome
Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
FAQ’S
Is the Growth Guarantee Scheme available for fintech software companies?
What finance options can fintech software firms access under the Growth Guarantee Scheme?
Are there sector restrictions for fintech software companies in the Growth Guarantee Scheme?
What do fintech software companies need to qualify for the Growth Guarantee Scheme?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£1m
to
£1m
zero hidden fees
