FINANCE OPTIONS
Growth Guarantee Scheme for Plumbing and Heating Suppliers!
The Growth Guarantee Scheme for Plumbing and Heating Suppliers is a program designed to help suppliers expand their business by providing support and resources to boost their sales and customer base. Interested in learning how it could benefit you? Let's talk!
- 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 Plumbing and Heating Suppliers?
The Growth Guarantee Scheme for Plumbing and Heating Suppliers is designed to provide financial backing and security to businesses in the plumbing and heating sector. This initiative not only assures suppliers of their investments but also boosts overall confidence in the industry, encouraging growth and innovation. By offering this safety net, the scheme enables suppliers to explore new opportunities and expand their offerings without the fear of financial instability.
Financial security
Increased supplier confidence
Encourages industry growth
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Growth Guarantee Scheme for Plumbing and Heating Suppliers?
Loan Guarantee Schemes
Government-backed loans to help suppliers access funding.
Credit Insurance Support
Schemes that protect suppliers from customer non-payment.
Growth Grant Programs
Direct financial support for expansion or innovation activities.
What is the Growth Guarantee Scheme for Plumbing and Heating Suppliers?
Government-Backed Loan Access
The Growth Guarantee Scheme helps plumbing and heating suppliers (and other UK small businesses) get loans more easily by offering lenders a 70% government guarantee. This makes it less risky for banks to lend money, so businesses can often access more favourable loan terms for investing or managing cash flow.
Flexible Funding for Growth
Eligible suppliers can borrow between £1,000 and £2 million through a variety of loan types, including term loans, overdrafts, asset finance, and invoice finance. The funds can be used for everyday expenses, buying equipment, or expanding business operations, with repayment terms ranging from 3 months to 6 years.
Simple Eligibility Criteria
To qualify, businesses must be UK-based, actively trading, and have a turnover below £45 million. The scheme is open to many sectors, including plumbing and heating, and both established businesses and some start-ups may be eligible. Borrowers remain fully responsible for repaying the loan, even though the government guarantees part of it to the lender.
FAQ’S
Are plumbing and heating suppliers eligible for the Growth Guarantee Scheme?
How much can plumbing and heating suppliers borrow under the Growth Guarantee Scheme?
What types of finance can plumbing and heating suppliers access through the Growth Guarantee Scheme?
Are there any sector-specific restrictions for plumbing and heating suppliers in the Growth Guarantee Scheme?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£500K
to
£500K
zero hidden fees
