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We now offer Growth Guarantee Scheme (GGS) loans

Loans under the new Government-backed scheme are now available alongside our business loans. Apply today and we’ll find the right product for you on the best possible terms.

  • Apply online in 10 mins

  • Decision in as little as 1 hour

  • Borrow £25,001 to £250,000

  • No fees to settle early

  • UK-based Account Managers

British Business Bank logoFunding Circle has worked with the British Business Bank since 2013, supporting thousands of businesses as one of the largest providers of Government-backed loans including through the Growth Guarantee Scheme.

How a Government-backed loan can help your business

Use for almost any business purpose

Whether you want to fund equipment, investment, growth or simply better manage your cash flow, the Recovery Loan Scheme can help you take your next step.

Fast decisions to help you kickstart your plans

Get a decision on your application in as little as 1 hour and the funds typically within 48 hours once you accept, meaning you can move forwards quickly.

They allow us to support more businesses

This scheme was specifically introduced to help businesses access finance, and gives the lender a 70% guarantee – allowing us to say yes to more businesses like you.

What is the Growth Guarantee Scheme?

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. If we can offer you a Funding Circle business loan on better terms, we will do so.

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 with Funding Circle, 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
Att Pynta

Att Pynta

"They were really responsive, it was great to have someone I could just call with questions."

More information on the Growth Guarantee Scheme

Legal Notice

The Growth Guarantee Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business & Trade. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit the British Business Bank website.


Here to help if you need us

Contact our UK-based team if you have any questions