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Growth Guarantee Scheme for Niche Online Retailers - Apply
The Growth Guarantee Scheme for Niche Online Retailers is a program designed to help small or specialized online shops grow their business with some level of financial security or support. It aims to make expanding easier and less risky for these unique sellers. Interested in learning how it could help your online store?
- 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 Niche Online Retailers?
The Growth Guarantee Scheme for Niche Online Retailers provides a safety net for small e-commerce businesses, ensuring they can thrive despite market fluctuations. By offering financial incentives and support, it encourages investment in innovative products and marketing strategies, ultimately driving growth and enhancing the overall stability of niche markets.
Financial security
Business growth
Market confidence
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What are the different types of Growth Guarantee Scheme for Niche Online Retailers?
Revenue-Based Financing Schemes
Offer funding based on future revenue projections, repaid as a set percentage of sales.
Inventory Financing Programs
Provide loans or credit lines secured by inventory to support growth and expansion.
Government-Backed Loan Guarantees
Schemes where the government guarantees part of a loan to encourage lenders to support niche retailers.
What is the Growth Guarantee Scheme for Niche Online Retailers?
Government-Backed Loan Guarantee
The Growth Guarantee Scheme helps niche online retailers access finance by providing a 70% government-backed guarantee to lenders. This reduces the risk for banks and alternative lenders, making it easier and more attractive for them to offer loans or credit to small and specialized online businesses.
Flexible Funding Options
The scheme supports a range of funding products, including term loans, overdrafts, asset finance, and invoice finance. Retailers can borrow amounts from £1,000 up to £2 million, and use the funds for cash flow, expansion, or purchasing inventory and assets.
Broad Eligibility and Improved Terms
Eligible UK businesses must have a turnover of up to £45 million and be actively trading. Even those previously declined or having received other government loans can apply. The scheme offers quick decisions and improved terms, like not requiring personal homes as security.
FAQ’S
Is the Growth Guarantee Scheme available to niche online retailers?
What is the maximum loan a niche online retailer can get under the Growth Guarantee Scheme?
Can start-up niche online retailers apply for the Growth Guarantee Scheme?
Are there sector-specific exclusions in the Growth Guarantee Scheme for online retailers?
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