FINANCE OPTIONS

Growth Guarantee Scheme for Logistics and Courier Companies

The Growth Guarantee Scheme, a UK government initiative, aims to bolster logistics and courier companies by providing financial support for expansion and service enhancements. This scheme reduces lender risk, encouraging loan issuance to SMEs, facilitating access to funds and growth opportunities.

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What are the benefits of Growth Guarantee Scheme for Logistics and Courier Companies?

By joining the Growth Guarantee Scheme, companies benefit from lower interest rates and increased access to finance options. Sectors like retail and manufacturing can leverage these loans to extend delivery capabilities or expand distribution facilities.

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Boosts business growth
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Enhances service reliability
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Supports competitive advantage

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What are the different types of Growth Guarantee Scheme for Logistics and Courier Companies?

Small Business Loans

Small Business Loans offer amounts from £10,000 to £500,000 over 24 to 60 months, supporting UK-based logistics firms operating for more than two years.

Small Business Loans

These loans, with interest rates ranging from 6% to 12%, are processed in up to three weeks. They enable businesses to purchase delivery vehicles or invest in warehousing solutions, thus expanding their market reach efficiently.

Asset Finance

Asset Finance provides £5,000 to £250,000 secured against company assets, suitable for experienced logistics SMEs trading for over one year.

Asset Finance

With flexible terms of 12 to 84 months and interest rates of 4% to 10%, Asset Finance supports fleet upgrades, equipment acquisition, and IT infrastructure investments, often approved within four weeks.

Invoice Financing

Invoice Financing allows SMEs to leverage up to 90% of invoice values, facilitating cash flow management for businesses with £50,000+ turnover.

Invoice Financing

By accessing funds quickly, this approach helps manage seasonal demands and operational expenses, turning credit receivables into cash with competitive rates of 1% to 3% over the base rate.

What is the Growth Guarantee Scheme for Logistics and Courier Companies?

Application Procedures

Obtaining Growth Guarantee Scheme support involves submitting comprehensive business plans, financial accounts, and projections. The approval process is streamlined, ensuring a decision within three weeks and funds available shortly after.

Regulatory Compliance

All loans must comply with the UK's FCA regulations, ensuring transparency and adherence to anti-money laundering laws for secure financing solutions.

Borrowing Capacities and Rates

Eligible businesses can access funds from as low as £5,000 up to £500,000. Interest rates vary based on creditworthiness and loan terms, with typical rates ranging from 1% to 12%, plus any applicable fees.

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FAQ’S

How much can I borrow under the Growth Guarantee Scheme?
How quickly can I get a decision and access funds?
What are the interest rates under the scheme?
What are the main eligibility criteria for applying?

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