FINANCE OPTIONS
Growth Guarantee Scheme for Serviced Apartment Providers—Go
The Growth Guarantee Scheme helps smaller businesses, like serviced apartment providers, access loans with the support of a 70% government-backed guarantee to lenders. This means it's easier to get funding to grow and manage cash flow with less risk for the lender. If you want to explore how this could work for your serviced apartment business, it’s worth checking out the scheme today!
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Serviced Apartment Providers?
The Growth Guarantee Scheme for Serviced Apartment Providers is an initiative designed to support the development and sustainability of serviced apartment businesses. By offering financial security to providers, this scheme helps mitigate risks associated with market fluctuations and encourages them to invest in quality services and amenities. This strategic support not only attracts investors but also fosters growth in the serviced accommodation sector, ultimately enhancing the options available for travelers and boosting local economies.
Financial security
Attracts investors
Encourages growth
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What are the different types of Growth Guarantee Scheme for Serviced Apartment Providers?
Revenue Protection Guarantee
A scheme where providers are guaranteed a minimum revenue level over a set period.
Occupancy Rate Assurance
A guarantee ensuring a minimum occupancy rate for serviced apartments.
Flexible Leaseback Guarantee
A scheme offering owners a fixed income by leasing back units to the operator.
What is the Growth Guarantee Scheme for Serviced Apartment Providers?
Government-Backed Loan Guarantee
The Growth Guarantee Scheme offers serviced apartment providers access to loans with a government-backed guarantee, covering up to 70% of the outstanding balance if the borrower defaults. This reduces the risk for lenders and makes it easier for serviced apartment businesses to secure funding for growth and investment.
Eligibility and Terms
Funds obtained through the scheme can be used for a wide range of legitimate business purposes, such as working capital, refinancing existing debt, or investing in property improvements and expansion. There are no restrictions specific to serviced apartment providers beyond standard business criteria.
Eligibility and Terms
To qualify, serviced apartment providers must be UK-based, have a turnover up to £45 million, and meet viability tests. Loans can range from £10,000 to £2 million, with terms of up to 6 years. Personal guarantees may be required for larger loans, but principal private residences cannot be used as security.
Real Scenarios
Construction Company Needing Fast Working Capital
Situation
A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.
Challenge
Traditional bank applications were too slow; they needed a decision and funds within days.
Outcome
Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.
Ecommerce Business Preparing for Peak Season
Situation
An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.
Challenge
They wanted flexible terms and a quick turnaround so stock could be ordered in time.
Outcome
Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.
Marketing Agency Using Invoice Finance
Situation
A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.
Challenge
They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.
Outcome
Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.
Property Developer Using Bridging Finance
Situation
A developer needed short-term finance to complete a purchase before selling an existing property.
Challenge
They required a fast decision and flexible terms to align with the sale timeline.
Outcome
Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
FAQ’S
Are serviced apartment providers eligible for the Growth Guarantee Scheme?
Is the Growth Guarantee Scheme designed for specific sectors like serviced apartments?
What loan amount can serviced apartment providers access under the Growth Guarantee Scheme?
Are there any sector-specific exclusions for serviced apartment providers?
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