FINANCE OPTIONS

^Growth Guarantee Scheme for Plumbers - Apply Now

Q: How much can I borrow under the Growth Guarantee Scheme?

Under the Growth Guarantee Scheme, you can borrow between £1,000 and £1,200,000, contingent on factors like business size and creditworthiness, offering tailored financial solutions.

Q: How quickly can I get a decision on my loan application?

Initial decisions range from 1 to 5 weeks depending on the loan type and lender, with funds typically available 1 to 2 weeks post-approval, providing timely financial assistance.

Q: What are the interest rates for these loans?

Interest rates vary from 3% to 20% based on credit score and financial health, ensuring competitive options that align with your business profile and needs.

Q: What are the eligibility requirements for these loans?

Eligibility includes being UK-based with a viable business proposal and depending on the type, may require trading history, turnover proof, and detailed business plans.

The Growth Guarantee Scheme is a comprehensive financial product designed to bolster UK plumbing SMEs by facilitating easier access to capital. This scheme supports business expansion by mitigating lender risks, enabling them to provide loans even to firms that typically do not qualify under standard criteria.

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What are the ^benefits of Growth Guarantee Scheme for Plumbers?

This scheme provides SMEs with essential capital, aiding growth and job creation while increasing competitiveness in niche sectors like plumbing. With borrowing amounts ranging from £1,000 to £1,200,000, businesses can rapidly enhance operations backed by a flexible range of lending terms and attractive interest rates.

Financial support

Increased business growth

Risk mitigation

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Plumbers?

Secured Business Loan

Secured Business Loans offer amounts from £5,000 to £500,000 over 12 to 60 months. Eligibility includes a two-year trading history and a robust business plan.

Secured Business Loan

Offering interest rates from 4% to 15% and decision times of 2 to 4 weeks, these loans are ideal for business expansions, such as investing in new technology. Our facilities cater specifically to sectors like plumbing where advanced tools can transform operations.

Unsecured Business Loan

Unsecured Business Loans provide between £1,000 and £250,000 with terms spanning 6 to 36 months. They're suited for businesses with a minimum turnover of £100,000.

Unsecured Business Loan

Featuring interest rates from 6% to 20% and fast decision times of 1 to 2 weeks, these loans are perfect for short-term expenses. Plumbing firms, for instance, can use them to maintain cash flow during more dormant periods.

Government-backed Loan

Government-backed loans range from £25,000 to £1,200,000 over periods of 12 to 72 months, tailored for UK SMEs with viable business proposals.

Government-backed Loan

With interest rates from 3% to 12% and decision times of 3 to 5 weeks, these loans support major projects like large-scale expansions or eco-friendly initiatives. Stay ahead in the plumbing industry by opting for innovative solutions.

What is the Growth Guarantee Scheme for Plumbers?

Application Processes Simplified

Applying for the Growth Guarantee Scheme involves submitting detailed business plans, including turnover documentation and sometimes collateral details. These requirements ensure a structured assessment and efficient decision-making process.

Regulatory Compliance and Standards

All lending aligns with FCA regulations, ensuring fair terms and the proper use of personal guarantors. Additionally, government-backed loans comply with nuances dictated by the British Business Bank.

Exploring Borrowing Capacity and Rates

The scheme allows loans from £1,000 to £1,200,000, influenced by factors like business size and creditworthiness. Interest rates range from 3% to 20%, depending on financial health and other criteria.

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FAQ’S

How much can I borrow under the Growth Guarantee Scheme?

How quickly can I get a decision on my loan application?

What are the interest rates for these loans?

What are the eligibility requirements for these loans?

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^Growth Guarantee Scheme for Plumbers - Apply Now

What are the ^benefits of Growth Guarantee Scheme for Plumbers?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Plumbers?

Secured Business Loan

Secured Business Loan

Unsecured Business Loan

Unsecured Business Loan

Government-backed Loan

Government-backed Loan