Borrow up to £2m, with a government guarantee
The scheme helps us lend more to growing UK businesses, including those we might not otherwise be able to fund.
- Borrow £150k to £2m, over up to 6 years
- For UK businesses turning over up to £45m
- From Allica Bank, an accredited GGS lender
Trusted by ambitious businesses
The Growth Guarantee Scheme
Four ways to use the scheme
From asset finance to growth finance of up to £10m, each backed by the scheme.
The guarantee backs the lender, so we can back you
The scheme gives us more certainty over credit risk, so we can lend to more viable businesses. If we can offer a commercial loan on the same or better terms, we will.
British Business Bank
Runs the scheme and gives the lender a guarantee.
Allica Bank
An accredited GGS lender. Assesses, funds and manages your facility.
Your business
Uses the funding to invest and grow, and stays 100% liable for the debt.
You stay fully liable
The guarantee protects the lender, not the borrower. You remain 100% liable for the debt.
Terms up to 6 years
Three years for growth finance. Overdraft guarantees run for up to three years, reviewed annually.
Security may apply
We may ask for other security. We’ll talk it through on your first call.
Past subsidies count
Subsidy your group received in the last three fiscal years may reduce what you can borrow.
Can your business apply?
Eligible for the scheme
- A UK business, trading in the UK and earning more than half your income from UK trading
- Turning over up to £45m, on a group basis
- A limited company, LLP, partnership or sole trader, typically with two years of accounts. Overdrafts are for limited companies and LLPs only.
- A viable business, not in difficulty or insolvency proceedings
- Within subsidy limits, confirmed in writing
All applications are subject to credit and fraud checks and a lending assessment.
Not eligible for the scheme
- Banks and building societies
- Insurers and reinsurers (brokers can apply)
- Public sector bodies
- State-funded schools
- Coal, oil and gas extraction
Had a Bounce Back Loan or CBILS?
You can still apply. The scheme is open to businesses that have used BBLS, CBILS or the Recovery Loan Scheme.
Three steps to funding
1. Book a call
Book a call here. A short form, then a 10-minute call to check the scheme fits.
2. Share your data
We review it, confirm eligibility and subsidy limits, and make a final offer.
3. Sign and go live
Sign the contract and your facility is live.
Let’s find the right facility for you
Takes about a minute to fill out. A member of our team will then reach out to set up a 20-minute call at a time that suits you.
- 1A short consultation focused on your goals and funding needs
- 2A clear view of whether Kriya is the right fit
- 3Indicative terms and a path to getting funded
Kriya’s promise. If we can’t help you, we’ll do our best to refer you to a trusted partner that can, no strings attached.