FINANCE OPTIONS

^Growth Guarantee Scheme for Software and SaaS Companies Get

Q: How much funding can I access through the Growth Guarantee Scheme?

You can access funding ranging from £500 to £2 million, depending on factors such as your company's turnover, creditworthiness, and the viability of your business plan. We offer guidance on optimizing your application.

Q: How quickly can I get a decision and receive funds?

Initial decisions on your application can take from 2 to 8 weeks, influenced by the complexity of your case and the lender's efficiency. Funds are typically available within 1 to 2 weeks after approval.

Q: What are the typical interest rates for the Growth Guarantee Scheme?

Interest rates usually range from 6% to 15%, with factors like business risk profile and credit history affecting the final rate. Some schemes may also include a 2% annual guarantee fee.

Q: What eligibility criteria must be met for these loans?

Eligibility varies, but generally, SMEs must demonstrate a viable business proposal. For specific schemes like the Enterprise Finance Guarantee, no security is needed, provided the business is UK-based.

The Growth Guarantee Scheme is a financial product designed to provide guarantees to lenders, enabling SMEs in the software and SaaS sectors to access loans with favorable terms. This scheme supports business growth by reducing lender risk. Learn more about saas finance solutions available to support your growth.

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What are the ^benefits of Growth Guarantee Scheme for Software and SaaS Companies?

Experience easier access to finance, reduced borrowing costs, and the ability to undertake substantial projects with the Growth Guarantee Scheme. Our solutions ensure you get the support needed for growth in high-risk sectors. Explore Enterprise Finance Guarantee options tailored for your needs.

Risk mitigation

Revenue growth assurance

Access to funding

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Software and SaaS Companies?

Enterprise Finance Guarantee

Designed for UK SMEs with turnover under £41 million, the Enterprise Finance Guarantee supports companies lacking sufficient security. Borrow between £1,000 to £1.2 million over 3 to 120 months. Explore our Enterprise Finance Guarantee insights.

Enterprise Finance Guarantee

Enterprise Finance Guarantee offers loans with interest rates from 6% to 15%, including a 2% government guarantee fee. Decision takes 2-4 weeks, supporting expansions into AI and machine learning sectors. Discover more here Enterprise Finance Guarantee details.

Start Up Loans

These loans are for UK startups trading up to 36 months, offering amounts from £500 to £25,000 over 12 to 60 months. Check out our Startup Loans options.

Start Up Loans

With fixed 6% annual interest rates, Start Up Loans have a decision timeline of 2-3 weeks. Perfect for product launches and market campaigns in niche SaaS platforms. Learn about Start Up Loans solutions.

Innovation Loans

Supporting the commercialisation of R&D, Innovation Loans offer £100,000 to £2 million over up to 120 months. Visit our Innovation Loans guide.

Innovation Loans

Typically with rates of RPI + 3.7%, Innovation Loans require a detailed commercial proposal. Ideal for developing retail-optimised data analytics tools, taking 5-8 weeks for approval. View Innovate UK funding.

What is the Growth Guarantee Scheme for Software and SaaS Companies?

Application Processes

Applying for Growth Guarantee Schemes involves preparing a robust business proposal and financials. Approval can vary from 2 to 8 weeks based on lender efficiency. Learn more on application processes.

Regulatory Compliance

These schemes adhere to FCA regulations, insisting on fair treatment and clear information for businesses. We are experts in navigating these requirements. Explore regulatory details.

Borrowing Capacity and Rates

Borrowing amounts range from £500 to £2 million, influenced by turnover and creditworthiness. Rates vary but typically range from 6% to 15%. Discover details on finance terms.