FINANCE OPTIONS
Growth Guarantee Scheme for Industrial Equipment Manufacturers
The Growth Guarantee Scheme helps smaller UK industrial equipment manufacturers get loans by providing lenders with a 70% government-backed guarantee. This makes it easier for businesses to invest and grow with up to £2 million in funding, supporting things like managing cash flow or buying equipment. If you're looking to grow your business, this scheme is worth checking out!
- 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 Industrial Equipment Manufacturers?
The Growth Guarantee Scheme for Industrial Equipment Manufacturers aims to provide financial backing and support to manufacturers in the industrial equipment sector. This scheme helps stabilize the financial health of businesses, allowing them to invest in new technologies and innovations. By reducing external risks, it encourages manufacturers to maintain or expand their operations, ultimately boosting productivity and competitiveness in the market.
Financial stability
Market competitiveness
Encourages innovation
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Growth Guarantee Scheme for Industrial Equipment Manufacturers?
Credit Guarantee Schemes
Provides guarantees on loans to industrial equipment manufacturers to ease access to finance.
Export Guarantee Schemes
Offers guarantees for loans or credit used specifically for export-related activities.
Performance Guarantee Schemes
Provides guarantees to buyers or financiers regarding the performance or delivery of industrial equipment.
What is the Growth Guarantee Scheme for Industrial Equipment Manufacturers?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme helps industrial equipment manufacturers access finance by offering lenders a 70% government-backed guarantee on loans and asset finance. This reduces the lender's risk and makes it easier for businesses to get the funding they need to purchase equipment or invest in growth.
Flexible Financing for Asset and Equipment Purchase
The scheme supports various types of finance, including asset finance, term loans, invoice finance, and overdrafts. This allows manufacturers to secure capital for buying equipment, managing cash flow, or expanding their operations, with minimum amounts starting as low as £1,000 for equipment financing.
Inclusive Eligibility and Improved Terms
Open to UK businesses with a turnover up to £45 million, the scheme makes finance more accessible, even for those who have used other government-backed schemes previously. The guarantee may lead to more competitive loan terms, and personal residences are never required as collateral.
FAQ’S
What is the Growth Guarantee Scheme for Industrial Equipment Manufacturers?
Who is eligible for the Growth Guarantee Scheme in this sector?
Can funds from the Growth Guarantee Scheme be used for new machinery?
Are there sector-specific benefits for Industrial Equipment Manufacturers?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£500K
to
£500K
zero hidden fees
