We now offer Growth Guarantee Scheme (GGS) loans
The successor scheme to the Recovery Loan Scheme, the Growth Guarantee Scheme (GGS) launched on July 1 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow.
The Growth Guarantee Scheme aims to improve the terms on offer to borrowers.
Businesses that took out a CBILS, BBLS, or RLS facility before 30 June 2024 are not prevented from accessing the Growth Guarantee Scheme, although in some cases it may reduce the amount a business can borrow.
Growth Guarantee Scheme-backed facilities are provided at Funding Circle’s discretion, and we are required to undertake our standard credit and fraud checks for all applications.
Am I eligible for the Growth Guarantee Scheme?
To be eligible to apply for the Growth Guarantee Scheme, you must:
- Have a turnover of less than £45 million
- Be trading in the UK for a minimum of 2 years
- Be a limited company
- Use the loan for a business purpose such as working capital or investment
- Not be in difficulty or have any collective insolvency proceedings ongoing