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Get Growth Guarantee Scheme for Temporary Staffing Agencies
The Growth Guarantee Scheme for Temporary Staffing Agencies is a support program that helps staffing agencies expand their business with confidence by guaranteeing certain benefits or financial support as they take on more clients and workers. If you're running a staffing agency, this scheme can give you that extra boost to grow smoothly and successfully.
- 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 Temporary Staffing Agencies?
The Growth Guarantee Scheme for Temporary Staffing Agencies helps agencies secure financial stability and confidence by guaranteeing a minimum level of business. This scheme empowers these agencies to focus on providing quality temporary staffing solutions, ensuring they can meet diverse client demands without the fear of sudden market fluctuations. By enabling agencies to sustain their operations, it ultimately leads to better job placements and improved workforce flexibility for both employers and employees.
Increased job security
Improved workforce flexibility
Enhanced recruitment options
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What are the different types of Growth Guarantee Scheme for Temporary Staffing Agencies?
Revenue-Based Growth Guarantee
Guarantees linked to revenue growth targets for staffing agencies.
Payroll Financing Guarantee
Ensures agencies can cover payroll costs through lender-backed guarantees.
Contract Performance Guarantee
Assures clients and lenders of agency performance on staffing contracts.
What is the Growth Guarantee Scheme for Temporary Staffing Agencies?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides loans to temporary staffing agencies that are backed by a 70% government guarantee. This makes it easier for agencies to get approved for funding, as lenders have increased confidence they will be repaid even if businesses face challenges.
Flexible Use for Growth and Cash Flow
Temporary staffing agencies can use the funds for a wide range of needs, such as paying staff wages, investing in new technology or assets, covering cash flow gaps, or expanding business operations. The scheme is designed to support growth and day-to-day operations.
Improved Access and Better Terms
The scheme enables access to loans up to £2 million and gives agencies a chance to obtain better lending terms than standard commercial loans, such as more competitive rates and flexible repayment options. Start-ups and other qualifying agencies with a turnover up to £45 million can apply, making the scheme widely accessible.
FAQ’S
Are Temporary Staffing Agencies eligible for the Growth Guarantee Scheme?
What loan products can Temporary Staffing Agencies access via the Growth Guarantee Scheme?
What is the maximum borrowing limit for Temporary Staffing Agencies under the Growth Guarantee Scheme?
Can lenders request personal guarantees from Temporary Staffing Agencies for Growth Guarantee Scheme loans?
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