Growth Guarantee Scheme Eligibility

Could You Be Eligible for the Growth Guarantee Scheme?

Wondering if you’re eligible for the Growth Guarantee Scheme? Many UK businesses can take advantage of this government-backed initiative. Here’s a quick guide to help you understand the eligibility requirements.

Check These Key Criteria:

1. Your Business Location
   Your business must be registered and actively operating in the UK. If you’re running a UK-based company, you’re already on the right track.
2. Your Business Size
   Small and medium-sized enterprises (SMEs) are the focus of this scheme. Typically, this includes businesses with up to 250 employees and an annual turnover of £50 million or less.
3. Your Purpose for the Funds
   You need a clear and legitimate reason for using the funds. Common purposes include:

• • Buying equipment or machinery
  • Expanding operations or premises
  • Investing in new technology
  • Managing cashflow
  • Covering short-term expenses like VAT or Corporation Tax

4. Your Credit History and Finances
   While the scheme helps businesses with limited access to traditional financing, lenders will still assess your ability to repay the loan. They may review:

• • Your credit history
  • Your financial records and business plan

Eligibility and Application Process for the Growth Guarantee Scheme

Understanding your eligibility and applying for the Growth Guarantee Scheme doesn’t have to be complicated. This government-backed initiative was created to help UK businesses secure the funding they need to grow and succeed. Here’s what you need to know.

How to Apply

We can help with the application process for the Growth Guarantee Scheme is straightforward, especially with our expert support. Here’s how it works:

1. Check Eligibility: Start by contacting our team so we can check if your business is eligible. This won’t affect your credit score.
2. Discuss Your Needs: Speak with one of our friendly experts about your funding goals. We’ll help you identify the best approach for your situation.
3. Prepare Your Application: We handle the paperwork, ensuring your application meets lender requirements and stands the best chance of approval.
4. Submit to Lenders: We connect you with our list trusted lenders offering competitive rates and work to get your funding approved quickly.

Unsure About Your Eligibility?

If you’re not certain you qualify, don’t worry. Many businesses assume they’re ineligible but discover they meet the criteria with a little guidance. Our team at First Oak Capital is here to help.

We’ll review your situation, answer your questions, and walk you through the process. You can even check your eligibility online without affecting your credit score.

Work With First Oak Capital

Finding the right lender can feel overwhelming. Lenders have different criteria, and navigating the process takes time. That’s where we come in.

How We Make It Simple:

• Expert Guidance: We explain each step clearly and simply.
• Eligibility Checks: Check your eligibility risk-free.
• Application Support: We strengthen your application to boost approval chances.
• Trusted Lenders: Access competitive rates from reliable lenders.

Let us handle the hard work so you can focus on running your business.