Growth Guarantee Scheme (GGS)

The Growth Guarantee Scheme is the government’s extension of the Recovery Loan Scheme, supporting UK businesses with lending of up to £2 million

The GGS scheme is essentially an extension of the most recent iteration of the Recovery Loan Scheme. Under the Government Guarantee Scheme, as with RLS, the government guarantees 70% of lending to each eligible business. In other words, the government underwrites 70% of what the lender could lose if a business defaults. Businesses are still liable for 100% of the borrowing.

Businesses applying for the new GGS will need to be carrying out trading activity in the UK for 2 years minimum, a turnover of less than £45 million, not be in insolvency proceedings and have the intention of using the facility for business purposes.

Capital Business Loans Limited is registered in England and Wales, Registered No. 14491729, Capital Business Loans Limited is an independent credit broker and not a lender. We are authorised and regulated by the Financial Conduct Authority with firm reference number 1000382 Our registered office is at 20 Nicholas Street, Chester CH1 2NX. Not all Capital Business Loans Limited activities are regulated by the Financial Conduct Authority.

Telephone: 01244 906505| Email: hello@capitalbusinessloans.co.uk | Address: 20 Nicholas Street. Chester.CH1 2NX

Growth Guarantee Scheme (GGS)

The Growth Guarantee Scheme is the government’s extension of the Recovery Loan Scheme, supporting UK businesses with lending of up to £2 million

Apply today with our simple application process

Complete our simple form below and one of our advisors will be in touch.

Apply Now

Growth Guarantee Scheme (GGS)

The Growth Guarantee Scheme is the government’s extension of the Recovery Loan Scheme, supporting UK businesses with lending of up to £2 million

Apply today with our simple application process

Complete our simple form below and one of our advisors will be in touch.

Apply Now

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