The Growth Guarantee Scheme is designed to support access to finance for UK smaller businesses as they look to invest and grow and is expected to support around 11,000 smaller businesses between 1 July 2024 and 31 March 2026. The British Business Bank has so far accredited 41 lenders for the Growth Guarantee Scheme.
Not all lenders will be able to offer all products - Term length: Term loans and asset finance facilities are available from three months up to six years, with overdrafts, invoice finance and asset-based lending available from three months up to three years - Access to multiple schemes: Businesses that took out a Coronavirus Business Interruption Loan Scheme , Coronavirus Large Business Interruption Loan Scheme , Bounce Back Loan Scheme or a Recovery Loan Scheme facility before 30 June 2024 are...