Growth Guarantee Scheme loans
Term loans, overdrafts, asset finance and invoice finance from accredited lenders, with a 70% government-backed guarantee to the lender.
- How much
- From £25,001 for loans and overdrafts, up to £1m via Lending Box
- Typical terms
- Loans and asset finance 3 months to 6 years; overdrafts and invoice finance up to 3 years
- How fast
- Timings depend on the lender, the amount and the checks needed. We'll give you a realistic timeline.
Indicative only. Subject to lender assessment and approval. How we're paid: our service is free to your business; we receive a commission or finder's fee for arranging finance. Broker Terms
Business loan calculator
Monthly repayment
£2,307.25
- Total repayment
- £55,373.91
- Total interest
- £5,373.91
Representative example: borrowing £50,000 over 24 months at 10% a year would cost £2,307.25 a month, £55,373.91 in total, including £5,373.91 interest.
Illustrative only. Your actual rate depends on your circumstances. Indicative only. Subject to lender assessment and approval.
What it is
The Growth Guarantee Scheme (GGS) is a UK government scheme run by the British Business Bank.
Accredited lenders can offer term loans, overdrafts, asset finance and invoice finance with a 70% government-backed guarantee to the lender.
Lending Box works with accredited lenders on our panel and can introduce your limited company to the ones most likely to say yes.
Who it suits
- UK limited companies trading in the UK.
- Businesses with turnover up to £45m (an increase has been announced).
- Viable businesses that are not in financial difficulty.
- Lending Box arranges facilities up to £1m and works with companies with at least £100k turnover.
Key facts
- The guarantee is to the lender, not the borrower, so the business remains 100% liable for the debt.
- Personal guarantees may still be required at the lender's discretion.
- Term loans and overdrafts start from £25,001. Asset finance and invoice finance can start lower, depending on the lender.
- Final terms, rates and approval are decided by the lender.
How it works with Lending Box
- 1Get a free quote online in minutes.
- 2We match you to accredited lenders on our panel.
- 3Your named relationship manager handles the application with the lender.
What you need
To get started
- An active UK limited company registered at Companies House
- Turnover of at least £100k
- Recent business bank statements
- Latest filed accounts or management figures where available
Pros
- Access to term loans, overdrafts, asset finance and invoice finance
- The 70% guarantee to the lender can help viable businesses get a yes
- One free, no-obligation quote, matched to accredited lenders on our panel
Watch-outs
- The business remains 100% liable for the debt
- Personal guarantees may still be required at the lender's discretion
- Eligibility, terms, rates and approval are decided by the lender
FAQ
Growth Guarantee Scheme, explained.
Lending Box Ltd is a commercial finance broker that introduces UK limited companies to lenders. We are not a lender and the British Business Bank does not endorse any broker. Eligibility for the Growth Guarantee Scheme and all lending decisions are made by the accredited lender.
Check your growth guarantee scheme options in minutes.
Start with your company name. No obligation, and a named relationship manager if you want to talk it through.
UK limited companies and LLPs. Indicative only. Subject to lender assessment and approval.