Growth Guarantee Scheme
Summary:
This scheme offers a 70% government guarantee on loans to SMEs of up to £1 million in Northern Ireland.
Eligibility criteria:
Businesses may be eligible for a loan through the Growth Guarantee Scheme if they:
- are trading in the UK
- have a turnover of £45 million or less
Businesses need to show that they are viable and not in difficulty.
Additional information:
Businesses can use the finance for any legitimate business purpose - including managing cashflow and investment. However, businesses must be able to afford to take out additional debt finance for these purposes.
Support organisation:
- Department for Business and Trade
- British Business Bank
Find out more:
Growth Guarantee Scheme
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