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Growth Guarantee Scheme for Food and Beverage Wholesalers
Growth Guarantee Scheme for Food and Beverage Wholesalers is a support plan designed to help wholesalers in the food and beverage industry grow their business by providing financial stability and resources. Interested in learning how it can benefit your business? Feel free to ask for more details!
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Food and Beverage Wholesalers?
The Growth Guarantee Scheme for Food and Beverage Wholesalers provides essential financial support to businesses in the food and beverage sector, helping them navigate cash flow challenges and facilitate growth. This scheme is particularly beneficial in stimulating investments, ensuring that wholesalers can expand operations, maintain competitiveness, and contribute positively to the economy despite market uncertainties.
Financial stability
Business expansion support
Risk mitigation
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What are the different types of Growth Guarantee Scheme for Food and Beverage Wholesalers?
Loan Guarantees
Government-backed assurance to lenders, reducing risk and making it easier for wholesalers to secure loans.
Credit Insurance Support
Provision of insurance on credit sales to protect wholesalers from losses due to customer defaults.
Working Capital Assistance
Financial support specifically aimed at helping wholesalers manage cash flow and day-to-day operations.
What is the Growth Guarantee Scheme for Food and Beverage Wholesalers?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides loans to food and beverage wholesalers that are backed by a 70% government guarantee. This means the government promises to cover most of the lender's losses if the borrower can't repay, making it easier for wholesalers to secure funding even if they have limited assets or previous borrowing challenges.
Flexible Finance for Working Capital
Businesses can use the scheme to access different types of finance—including term loans, overdrafts, and asset or invoice finance—that help manage cash flow and day-to-day operations. Loan amounts range from £25,001 to £2,000,000, and repayment terms can be up to 6 years, with options for capital repayment holidays to ease cash flow pressure.
Eligibility and Support for Business Growth
The scheme is open to UK food and beverage wholesalers with a group turnover of up to £45 million, as long as they are not in financial difficulty or primary agricultural production. Applicants must provide standard credit documentation, and the finance can be used for any legitimate business purpose, helping wholesalers invest and grow confidently.
FAQ’S
Is the Growth Guarantee Scheme available to food and beverage wholesalers?
What can food and beverage wholesalers use Growth Guarantee Scheme funding for?
Are there sector-specific terms for food and beverage wholesalers in the Growth Guarantee Scheme?
What is the facility size food and beverage wholesalers can access under GGS?
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