Episode 14: Everything You Need to Know About the Growth Guarantee Scheme (UK Government Business Loans Explained)

Everything You Need to Know About the UK Government’s Growth Guarantee Scheme (GGS) If you’re a UK business owner or company director looking to understand how the Growth Guarantee Scheme works — this episode breaks it all down. We cover how the GGS compares to previous government schemes like CBILS, Bounce Back Loans (BBL) and RLS, what funding is available, and how to use your loan to strengthen cash flow and fuel growth. We also explore whether you should take a loan or sell equity, how lenders assess new businesses, and why using a specialist finance broker can make a big difference to your approval chances and rates. 📊 Useful Links:👉 Apply or learn more about GGS Business Loans: https://www.jamesmurrayfinance.co.uk/services/business-cashflow-loans/👉 Download your Free Cash Flow Forecast Calculator: https://www.jamesmurrayfinance.co.uk/cashflow-forecast-worksheet/ 💡 Topics Covered (Chapters Below)What is the Growth Guarantee Scheme?Who qualifies and how much can you borrow?GGS vs selling shares or equityThe best ways to spend your loan for ROIHow GGS differs from the Government Start Up LoanTips if your business can’t get financeHow much to borrow and when to apply 🎙️ Hosted by James Murray and Duncan Casey – Make It Your Business PodcastHelping UK business owners make smarter financial decisions. Timestamps00:00 – What is the Growth Guarantee Scheme from the government?02:30 – The marketing and history of GGS, including CBILS, BBL, and RLS.06:50 – How GGS works: eligibility, rates, and how much you can borrow.10:35 – Taking a GGS loan vs selling equity or shares to investors.14:20 – How to spend your GGS loan for the best return on investment.18:20 – Is the Government Start Up Loan the same as a GGS loan?22:14 – Does being a homeowner help you get a new business loan?25:40 – What to do when your business can’t get finance.26:40 – What is the best loan to get as a new business?32:45 – How much should I borrow on a business loan? Should I max out a lower rate?36:10 – Avoid short-term “loan shark” lenders: why business loans require a specialist broker.40:15 – When is the best time to apply for a business loan?