FINANCE OPTIONS
Growth Guarantee Scheme for Industrial Recruitment Agencies
The Growth Guarantee Scheme is a UK government-backed loan program that helps small businesses, including industrial recruitment agencies, get access to funding to grow and invest. It offers lenders a government guarantee to support loans, making it easier and safer for businesses to borrow money for their needs. If you're looking to grow your business, this scheme could be a great option to explore.
- 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 Recruitment Agencies?
The Growth Guarantee Scheme for Industrial Recruitment Agencies provides a structured approach to ensure that recruitment agencies can deliver on their hiring promises. This initiative not only enhances the quality of the workforce by fostering skill development but also guarantees that agencies meet their growth targets. By linking growth with tangible results, the scheme helps businesses find the right talent efficiently while supporting the economic landscape with increased job opportunities.
Job creation
Enhanced workforce skills
Increased recruitment success
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What are the different types of Growth Guarantee Scheme for Industrial Recruitment Agencies?
Loan Guarantee Scheme
A government-backed guarantee scheme for loans to help agencies secure funding.
Invoice Financing Guarantee
A guarantee scheme supporting invoice financing options for cash flow.
Performance Bond Guarantee
A scheme guaranteeing performance bonds for contractual obligations.
What is the Growth Guarantee Scheme for Industrial Recruitment Agencies?
Government-Backed Loan Guarantee
The Growth Guarantee Scheme provides a government-backed guarantee for loans to help industrial recruitment agencies and other businesses secure funding from lenders. Up to 70% of the loan is guaranteed by the government, while the borrower remains fully liable for repayment.
Flexible Finance Options Including Invoice Finance
The scheme supports multiple types of finance such as term loans, overdrafts, asset finance, invoice finance, and asset-based lending. This flexibility means industrial recruitment agencies can access funding for a variety of needs like cashflow, investment, or expanding operations.
Wide Eligibility and Use for Business Growth
Industrial recruitment agencies (and other SMEs) with a group turnover up to £45 million can apply. Funds can be used for most legitimate business purposes—including recruitment, working capital, and growth investments—helping agencies manage and expand their business.
FAQ’S
Is the Growth Guarantee Scheme available to industrial recruitment agencies?
What finance options can industrial recruitment agencies access through the Growth Guarantee Scheme?
What are the eligibility requirements for industrial recruitment agencies under the Growth Guarantee Scheme?
Can Growth Guarantee Scheme funds be used for agency growth and payroll?
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