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NGApply for a loan under the Growth Guarantee Scheme
The Growth Guarantee Scheme (GGS) is a continuation of the popular Recovery Loan Scheme, with loans between £1,000 to £2m.
- Loans of up to £2 million
- Borrow for up to 6 years
- No early settlement fees
- A continuation of RLS
What can I use the funds for?
Use your Growth Guarantee Scheme finance for any legitimate business purpose, for example:
- managing cash flow
- buying equipment
- meeting a one-off cost
- helping with payroll
- growing your business
- marketing
How to apply
Register your business with Swoop
And access your personal dashboard.
Get matched to funding opportunities
We’ll match you with all suitable loan options, as well as other funding opportunities.
Apply in minutes
Keep updated with changing circumstances and easily submit your application to lenders.
Industries taking advantage of GGS
Growth Guarantee Scheme calculator
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Your results
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Total cost of finance
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Tips for applying
Make sure you have a clear idea about of the purpose of the loan and include this in your business plan.
Prepare paperwork, such management accounts, financial accounts, and information about business assets, before you apply.
Applying through Swoop will allow you to find the right type of borrowing, at the right rate, from the most relevant lenders to your business needs.
Unlike some previous government-backedloans the British Business Bank is not paying the first year’s interest and fees. Make sure you’ve factored this into your forecasts.
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