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Growth Guarantee Scheme for Franchise Businesses - Sign Up
A Growth Guarantee Scheme for Franchise Businesses is a promise or plan that helps franchise owners grow their business by providing support, resources, or financial incentives. It makes it easier to succeed and expand with less risk involved. Want to learn how it can help your franchise? Let's chat!
- 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 Franchise Businesses?
The Growth Guarantee Scheme for Franchise Businesses provides a safety net for franchisees by guaranteeing certain financial benchmarks, ensuring they have the support needed to thrive. This initiative boosts confidence among potential franchisees, encouraging investment and expansion. By reducing the financial risks involved, the scheme promotes sustainable growth and stability within the franchise sector, making it a pivotal resource for budding entrepreneurs.
Financial security
Risk mitigation
Increased franchise growth
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What are the different types of Growth Guarantee Scheme for Franchise Businesses?
Loan Guarantee Schemes
Schemes where the government guarantees loans for franchise businesses to encourage lending.
Working Capital Support
Support schemes guaranteeing short-term loans to help franchises manage daily expenses.
Expansion Finance Guarantees
Guarantees for financing franchise expansion, covering new outlets or business growth.
What is the Growth Guarantee Scheme for Franchise Businesses?
Government Loan Guarantee for Franchise Businesses
The Growth Guarantee Scheme provides loans to franchise and small businesses that are backed by a 70% guarantee from the UK government to the lender. This helps lenders feel more secure lending to businesses, as the government covers most of the risk, but the borrower is still responsible for the full repayment of the loan.
Support for Working Capital and Daily Operations
Franchise businesses can use funds from the scheme for various needs, including managing cashflow and covering everyday expenses. This support can help franchises stay afloat during tough times or help with short-term financial needs.
Finance for Business Expansion and Growth
The scheme also allows franchises to use funds for investment, buying assets, and expanding the business, such as opening new outlets or purchasing equipment. This makes it easier for growing franchise businesses to access the money they need to scale up.
FAQ’S
Are franchise businesses eligible for the Growth Guarantee Scheme?
What is the maximum loan franchise businesses can access under the Growth Guarantee Scheme?
Are there any sector restrictions for Growth Guarantee Scheme loans for franchises?
Will the Growth Guarantee Scheme support franchise business expansion?
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