Growth Guarantee Scheme (GGS)
British Business Bank
Facilities up to £2 million with a 70% government-backed guarantee to the lender
Government-backed guarantee that helps accredited lenders offer term loans, overdrafts, asset finance and invoice finance to UK smaller businesses that might otherwise struggle to get finance.
- Eligibility
- UK trading businesses with turnover up to £45m, more than 50% of turnover from trading activity, a viable borrowing proposal, and not a business in difficulty.
- Available in
United Kingdom- Benefits
- Facility sizes generally up to £2m per business group (up to £1m for Northern Ireland Protocol borrowers); terms up to 6 years for term loans and asset finance, 3 years for overdrafts and invoice finance.
- Details
- Tiers, how to apply, what to watch out for and sources are free with an account.
