FINANCE OPTIONS
Growth Guarantee Scheme for Veterinary Practices - Apply
The Growth Guarantee Scheme for Veterinary Practices is a support program designed to help veterinary clinics grow by providing financial backing or loans with a guarantee to reduce risk. It's a smart way to get funding and boost your practice confidently. If you want to learn more, don't hesitate to reach out to see how it can benefit your clinic!
- 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 Veterinary Practices?
The Growth Guarantee Scheme for Veterinary Practices provides financial stability and support, enabling veterinary practices to invest in their growth and enhance service delivery. By alleviating financial risks associated with expansion and improvement projects, the scheme encourages practices to focus on advancing their services and better catering to client needs.
Financial security
Enhanced practice growth
Risk mitigation
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What are the different types of Growth Guarantee Scheme for Veterinary Practices?
Loan Guarantee Scheme
A scheme where the government or institution guarantees part of the loan given to veterinary practices.
Revenue Support Guarantee
A guarantee that supports veterinary practices by covering a portion of lost revenue or operating costs.
Expansion Investment Guarantee
A guarantee scheme that encourages investment in veterinary practice expansion by mitigating investor risk.
What is the Growth Guarantee Scheme for Veterinary Practices?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides accredited lenders with a government-backed guarantee (usually 70%) on eligible loans to veterinary practices, reducing lender risk and making it easier for practices to secure funding for growth and investment.
Flexible Loan Options and Terms
Veterinary practices can access a range of finance products through the scheme, such as term loans, overdrafts, asset finance, and invoice finance. Loan amounts can generally go up to £2 million, with repayment terms typically between 3 months and 6 years, depending on the product.
Eligibility Criteria and Conditions
To qualify, veterinary practices must be UK-based, have an annual turnover up to £45 million, and primarily operate as trading businesses. The scheme requires standard credit and fraud checks, and while personal guarantees may be required, principal private residences cannot be used as security.
FAQ’S
Is the Growth Guarantee Scheme available to UK veterinary practices?
What finance options does the Growth Guarantee Scheme offer to veterinary practices?
What is the maximum loan a veterinary practice can receive under the Growth Guarantee Scheme?
Are there any sector-specific restrictions for veterinary practices under the Growth Guarantee Scheme?
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