WRAPPING UP 2023 WITH BUSBY FINANCE
With Christmas and 2024 just around the corner, the Busby Finance team wanted to take a moment and look back at the services …
Government-backed loans.
Growth Guarantee Scheme
- Government-Backed Finance
- Latest Scheme to Support SMEs
- Family Homes Still Protected
- Funds For Any Business
For businesses up to £45m turnover
Terms for up to 6 years
Funds for any business use
GOVERNMENT BACKED LOANS
The Growth Guarantee Scheme
The new Growth Guarantee Scheme (GGS) builds on the Recovery Loan Scheme (RLS). With GGS, lenders get a 70% government-backed guarantee, making them more willing to support smaller businesses. It also offers peace of mind to borrowers by preventing lenders from using your main family home as collateral. You can use the funds for any legitimate purpose to boost your business today.
GGS Benefits
GGS Loan Features That Benefit Your Business
Financial Assurance
Assurance your Principal Private Residence cannot be taken as security
Kickstarter Funding
£10,000 to £2,000,000 to cover costs or kickstart a project
Fast
Onboarding
Onboarding
Previous applicants of CBILS, Bounceback, or RLS are eligible to apply
Available for SME's
SMEs with a turnover of up to £45m are eligible
FAQS
How does the GGS work?
What is the Growth Guarantee Scheme?
A small business finance program provides a 70% government guarantee to participating lenders on loans up to £2 million in Great Britain and £1 million in Northern Ireland. This guarantee enhances access to finance for small and medium-sized enterprises (SMEs) and is anticipated to support 11,000 businesses from 1st July 2024 to 31st March 2026.
Is my business eligible for the growth guarantee scheme?
We understand that time is valuable, and as a business owner, you're eager to invest in the right equipment necessary for the growth of your venture.
- Be trading in the UK
- Generating more than 50% of turnover from trading activity
- Not be any of the following: a bank, insurer, public sector body, a state funded school, or an individual other than a sole trader or a partner acting on behalf of a partnership
How do I get a GGS loan
Get in contact with us today at Busby Finance, and we can arrange requirements and costing.
Some of the Industries
We Finance...
We have financed everything from Aeroplanes to Drone equipment to X-ray machines, so whatever your requirement, please get in touch – we’ve probably financed it before. We can finance most things and have listed some examples below. Any requirement – ask us, we’ll be happy to advise! Call us on 01604 271 977, pop us over an email info@busbyfinance.co.uk or contact us online.
Restaurant and Catering
Farm Finance
Franchises
IT and Phone Equipment
Manufacturing and Engineering
Pharmacy
Retailers
Transport, Logistics and Warehousing
Vehicles
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