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In the face of numerous challenges, including the global impact of Covid-19 and a significant fire at their storage facility, this noise, vibration, and acoustic...
Power Your Business with the Growth Guarantee Scheme
The Growth Guarantee Scheme (GGS) provides UK businesses with access to finance, empowering them to grow and thrive in the current economic landscape.
Check your eligibility
What can the Growth Guarantee Scheme be used for?
Managing cash flow
Covering overheads
Equipment & machinery
Inventory & materials
Technology upgrades
Marketing & advertising
Refinancing existing debt
Commercial rent
Staff salaries
Unexpected costs
What is the Growth Guarantee Scheme?
The UK government is extending its support for SMEs with the new Growth Guarantee Scheme (GGS), launching on 1st July 2024. Announced in the Spring 2024 Budget, the GGS is an extension of the Recovery Loan Scheme, ensuring continued financial support for businesses across the UK.
Apply for funding from Millbrook
What can the Growth Guarantee Scheme be used for?
Managing cash flow
Covering overheads
Equipment & machinery
Inventory & materials
Technology upgrades
Marketing & advertising
Refinancing existing debt
Commercial rent
Staff salaries
Unexpected costs
What are the benefits of the Growth Guarantee Scheme?
Whether your goal is to expand, innovate, or stabilise your operations, the Growth Guarantee Scheme offers flexible terms and competitive rates tailored to your specific needs.
With our streamlined business loan application process and dedicated team of financial experts, securing the funds you require has never been easier. Millbrook Business Finance can be the partner to guide your business on the road to recovery and the path to future success.
Additional funding option
The scheme is an additional source of funding for businesses who've been adversely affected by the pandemic, making it easier to obtain financing.
Flexible financing
There are a range of financing options with different interest rates and repayment terms, enabling businesses to choose a loan that fits their specific requirements. Borrow up to £2 million in Great Britain and £1 million in Northern Ireland.
Reduced costs
The UK government supports this scheme with a 70% guarantee to lenders, enhancing the chances of securing favourable loan terms.
Longer repayment terms
You can enjoy repayment terms of up to six years, providing flexibility and ease in managing your business finances.
Versatile use of funds
Get support for a wide range of business purposes, including managing cash flow, investment and growth, and refinancing existing debt.
Improved cash flow
Avoid cash flow shortages and receive much-needed financial relief to support your business through challenging times.
£325k arranged over time for a recovering medical practice
A medical practice needed CBILs funding to weather the pandemic and has since returned for two further loans to aid their future expansion.
Short term loans paid out in just 24 hours!
Our terms were better than those provided by other brokers
Client has returned for funding on two further occasions
We have a high level of criteria knowledge, meaning we can often secure better terms than other brokers. It's a privilege having repeat clients and gaining their trust in helping them to take their business to the next level.
Up to £2 million
loan facility
Wide range
of products
Term length - 3
months up to 6 years
Available in addition to
CBILS, CLBILS & BBLS
Interest fees vary by
lender
Personal guarantees taken
at the lender’s discretion
Sector Expertise
Financing businesses like yours
Our business finance specialists have over 60 years of collective experience working in commercial finance. We support companies across a wide variety of industries and have access to over 100 UK lenders to approve finance in almost any sector.
Apply now for the Growth Guarantee Scheme
Give your business the boost it needs to recover and thrive. Our finance experts look forward to securing the most suitable business finance solution.
Start your application
Need a different business finance solution?
Millbrook offers more than just commercial loans. We have extensive and flexible business finance options to meet any funding need. Browse our other financial products or head to our solutions overview page.
BUSINESS LOANS
Get fast unsecured and secured business loans from £25k–£25m.
For any business purpose
Up to 10 years repayment terms
Funding approved within 8 hours
GROWTH GUARANTEE SCHEME
GGS offers flexible terms and competitive rates tailored to your specific needs.
70% government backed
Up to £2m per business
Available in addition to CBILs & BBLs
ASSET & EQUIPMENT FINANCE
Support your business growth without impacting your cash flow.
Purchase any asset
Simple application process
Repayment terms up to 7 years
VEHICLE FINANCE
Fund any vehicle purchases, from vans and lorries to supercars.
Flexible deposits available
Tailored balloon payments
Hire purchase, lease or refinance
REFINANCE
Release cash equity from equipment or obtain better terms on existing finance agreements.
Release cash from your equipment
Obtain improved finance terms
Great for debt consolidation
MERCHANT CASH ADVANCE
Quickly raise working capital against your company's card sales.
No interest rate or fixed repayments
Borrow up to double your monthly card sales
90% approval rate
COMMERCIAL PROPERTY FINANCE
Get quick access to property-related finance.
Repayment up to 30 years
Interest-only products available
80% LTV or 100% with security
INVOICE FINANCE
Unlock funds tied up in outstanding invoices.
Up to 90% of invoices’ value
Your facility grows with you
Fast and simple to release cash
Need help choosing the right finance solution for your business?
Business finance can be complicated. To help you make sense of the options available, we've created this handy interactive Business Finance Checklist.
Download now
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When a boat building company found themselves in financial uncertainty, they needed a short-term working capital injection to smooth cash flow. After reaching out to...