FINANCE OPTIONS
Growth Guarantee Scheme for Footwear Retailers - Apply Now
The Growth Guarantee Scheme helps small businesses, including footwear retailers, get loans with better terms by backing 70% of the loan for lenders. This makes it easier and safer for them to lend money to help your business grow or manage cash flow. If you're interested, check with accredited lenders to see how it can support your footwear business.
- 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 Footwear Retailers?
The Growth Guarantee Scheme for Footwear Retailers provides essential financial backing to retailers, ensuring they have the resources to expand their operations and invest in new products. By reducing the financial risks associated with retail growth, the scheme encourages retailers to innovate and improve their offerings, ultimately benefiting consumers through a wider variety of choices and enhanced service quality.
Financial security
Encourages business growth
Risk mitigation
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What are the different types of Growth Guarantee Scheme for Footwear Retailers?
Credit Guarantee Scheme
Provides guaranteed loans to footwear retailers to aid business growth and reduce lender risk.
Inventory Financing Guarantee
Offers guarantees for loans used specifically to purchase and maintain inventory.
Market Expansion Support Scheme
Supports retailers expanding into new markets, with guaranteed funding for marketing and setup costs.
What is the Growth Guarantee Scheme for Footwear Retailers?
Government-backed Loan Guarantee
The Growth Guarantee Scheme provides government-backed loans to eligible businesses, including footwear retailers, covering up to 70% of the lender's risk. This helps retailers access funding more easily by reassuring lenders.
Flexible Use of Funds
Footwear retailers can use the funds from this scheme for a wide range of business purposes, such as managing cash flow, buying inventory, expanding their business, or investing in marketing and equipment.
Eligibility and Accessibility
The scheme is open to UK trading businesses (including footwear retailers) that have a turnover below £45 million and have been operating for at least two years, with no industry-specific restrictions or additional criteria for retailers.
FAQ’S
Are footwear retailers eligible for the Growth Guarantee Scheme?
What finance options are available to footwear retailers via the Growth Guarantee Scheme?
Does the Growth Guarantee Scheme require personal guarantees from footwear retailers?
Can footwear retailers who previously took out COVID loans apply for the Growth Guarantee Scheme?
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