Growth Guarantee Scheme (GGS)
Just complete the 3 steps in our application form and we will let you know if you're eligible for government-backed funding within seconds.
Loans available from £10,000 to £2,000,000.
Available to UK businesses with a turnover up to £45m.
70% of outstanding loan guaranteed by the government.
Up to 60-year terms - giving affordable monthly payments.
Highly competitive rates.
Our latest award!
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Application Process
Get Approved, Get Going!
Discover our streamlined process for securing tailored financial solutions. We keep our business finance options transparent, with no hidden fees or unpleasant surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.
Fast Application in Seconds
Share basic information about you, your business and finance requirements by applying online or calling.
Understanding Your Business
A dedicated account manager will discuss your requirements and gather necessary documentation.
Receive Your Free Quote
We'll discover the best deals, handle applications for you, and provide a quote with no obligations.
Get Your Funds Fast
Once Approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.
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FAQ
Your most common questions answered...
Got questions? We've got the answers... See below the our most commonly asked questions! If you still need help then be sure to get in contact and we'll be happy to help.
Who is eligible for the Growth Guarantee Scheme?
UK SMEs of all sizes can apply, provided they meet the scheme’s criteria and are trading in the UK.
How much can I borrow?
The GGS allows borrowing of up to £2 million per business, subject to lender approval.
Do I need security for a GGS loan?
In most cases, no personal guarantees are required on amounts under £250,000. Above this, security may be requested, but your principal residence will never be taken as security.
How can the funds be used?
Funds can be used for almost any legitimate business purpose, including cash flow support, refinancing, or investment in growth.
What are the repayment terms?
Repayment periods typically range from 3 months to 6 years, depending on the lender and loan purpose.
Does the government pay the loan back if I can’t?
No, you remain liable for repaying the loan. The government guarantee is for the lender, not the borrower.
Why has the government extended and renamed the Recovery Loan Scheme?
In February 2024, the government designated the year as "the year of the SME," announcing initiatives such as the Help to Grow campaign and a small business council. As part of these efforts, the government extended and rebranded the Recovery Loan Scheme, now running until March 2026 under the name Government Guarantee Scheme. This extension aims to enable an estimated 11,000 smaller businesses to access crucial financing.
Can businesses apply if they previously had a Bounce Back Loan or borrowed under CBILS or CLBILS?
Yes, businesses can apply for finance under the Government Guarantee Scheme even if they previously borrowed under BBLS, CBILS, or CLBILS.
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You are just minutes away from making it happen!
Highly Competitive Rates
Fast Application Process
Borrow between £10K - £10 Million
No effect on your credit score
Georgia Raymen
Partner Relationships Executive
Approved Business Finance Ltd is an independent asset finance brokerage and a credit broker, not a lender. We work with a panel of lenders to find suitable finance options for your needs. If you enter into an agreement with a lender, typically we will receive commission for introducing you to them. We are committed to delivering high standards of service and handling any concerns promptly. Approved Business Finance Ltd is authorised and regulated by the Financial Conduct Authority, FRN 1020031. ICO Registration Number: ZB424677. Registered in England and Wales (Company No. 11914104). Registered office: Seebeck House, Seebeck Place, Milton Keynes, MK5 8FR.
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