Grow Funding

Specialists in business funding

We provide Business loans, Asset Finance, Invoice Finance & Property Funding

If your bank can't help don't worry we can

Excellent Financial Services by the Experts in Worthing, UK

Operating as usual

Grow Funding 19/01/2022

Grow Funding

Do You Need Assistance In Arranging Business Finance For Your Company? Even If You Are A Small Or Medium-sized Business, Our Team Can Help You With Alternative Business Finance Solutions.

Grow Funding Kingston Upon Thames

Grow Funding 19/01/2022

Grow Funding

Do You Need Assistance In Arranging Business Finance For Your Company? Even If You Are A Small Or Medium-sized Business, Our Team Can Help You With Alternative Business Finance Solutions.

Grow Funding Independent Business Finance Brokers

Grow Funding 14/01/2022

Grow Funding

Do You Need Assistance In Arranging Business Finance For Your Company. Even If You Are A Small Or Medium-sized Business, Our Team Can Help You With Alternative Business Finance Solutions.

Grow Funding Kingston Upon Thames

Grow Funding 14/01/2022

Grow Funding

Do You Need Assistance In Arranging Business Finance For Your Company. Even If You Are A Small Or Medium-sized Business, Our Team Can Help You With Alternative Business Finance Solutions.

Grow Funding Independent Business Finance Brokers

07/01/2021

UK Businesses - Business backed Loans

The UK Government are helping UK businesses with extending the Coronavirus Business Interruption Loan Scheme (CBILS) until 31st March 2021. Grow Funding will help all UK businesses access these loans with a free application. Even if your business has one CBILS loan you are not limited to one. Your business can loan up to 25% of your turnover. For free advice, call T 01903 660091 or email [email protected]

www.growfunding.co.uk

08/12/2020

Well done to Mark Ridley the 'Director of Sales' here at Grow Funding, talking to the Real Business digital paper on the latest business finance support for UK Businesses.
read what Mark has to say with this link below.
https://realbusiness.co.uk/cbils-grow-funding/

www.growfunding.co.uk
T: 01903 660091

08/12/2020

Well done to Mark Ridley the 'Director of Sales' here at Grow Funding, talking to the Real Business digital paper on the latest business finance support for UK Businesses.
read what Mark has to say with this link below.
https://realbusiness.co.uk/cbils-grow-funding/

www.growfunding.co.uk
T: 01903 660091

27/11/2020

Fast Business Finance.
www.growfunding.co.uk
T: 01903 660091

20/11/2020

Coronavirus Business Interruption Loan Scheme

20/11/2020

Coronavirus Business Interruption Loan Scheme

The government backed Coronavirus Business Interruption Loan Scheme (CBILS) has been extended to Jan 31st 2021 - The UK government have stepped in by paying the interest and the lenders deferring the capital repayments for the first 12 months on all CBILS loans. Did you know, that a UK business can have multiple CBILS loans... Call Grow Funding today to find out more... 01903 660091 (free advice)
www.growfunding.co.uk

16/10/2020

Debt Consolidation - Why Covid-19 Business Interruption Loan Scheme (CBILS) can help!
People have been consolidating personal and business debt for many years, but now companies can use the CBILS for debt consolidation.

When the UK Government introduced the Bounce Back Loan (BBL) to support businesses throughout the UK, many businesses used this as a cash injection facility. However, with the financial support being offered by the Government in the form of CBILS (now extended the end of November), UK businesses are rethinking the way they use this financial support.

One of the uses of CBILS is to consolidate debts (businesses cannot have both a CBILS and a BBL and must pay back the BBL with the CBILS). Debt consolidation is when multiple debts are settled to form one overall loan. Multiple debts could be made up of credit cards, existing loans, asset finance facilities or other loan types.

In past cases, many lenders loaning funds would have asked for a personal guarantee (PG) to secure their money or investment. The security would have been high value items or...
continue to read using the link below:

https://www.growfunding.co.uk/debt-consolidation-why-covid-19-business-interruption-loan-scheme-cbils-can-help

T: 01903 660091
E: [email protected]
W: www.growfunding.co.uk

Photos from Grow Funding's post 02/10/2020

Fast Business Finance .. making finance happen!
www.growfunding.co.uk
E: [email protected]
T: 01903 660091

https://www.growfunding.co.uk/completed-case-studies

25/09/2020

BIG Announcement - The UK government have extended the financial help to UK businesses, with extending the CBILS until Dec 2020. To apply contact us today... Free application. Remember businesses can have more then one loan, providing it is not more than 25% of turnover! call our friendly team today to find out more.

T: 01903 660091
www.growfunding.co.uk
E: [email protected]

The government backed Coronavirus Business Interruption Loan Scheme (CBILS) is coming to an end this month 04/09/2020

The government backed Coronavirus Business Interruption Loan Scheme (CBILS) is coming to an end this month

https://www.growfunding.co.uk/cbils-is-coming-to-an-end

The government backed Coronavirus Business Interruption Loan Scheme (CBILS) is coming to an end this month,
So what financial support is available for businesses in the future?

read our blog below to find out more.

Grow Funding helping UK Businesses T: 01903 660091

The government backed Coronavirus Business Interruption Loan Scheme (CBILS) is coming to an end this month Grow Funding is a finance provider to small and medium businesses across the UK. Specialising in business loans and cash flow finance. Grow Funding is based in Worthing West Sussex but has clients all over the UK. So unsecured or secured business loans Grow Funding is certain to help.

21/08/2020

CBILS (Coronavirus Large Business Interruption Loan Scheme) can loan more to UK Businesses.

As of the 11th August 2020 the government have reported just over 1.2 million of businesses have taken advantage of the lending schemes

On the 12th August 2020, the British Business Bank have accredited another lender to provide finance (CBILS) to smaller businesses with a turnover of up to £45m. As of the 11th August 2020 the government have reported just over 1.2 million of businesses have taken advantage of the lending schemes, which is believed to total just over £51.77 billion. These schemes have been broken down through different types of loans and lending, from Bounce Back Loans, Interruption Loans, and the Coronavirus Large Business Interruption Loan Scheme.

With so much business lending over the year is it any wonder that the public are worried about the economic future here in Britain. What we should really consider is how many of these businesses would have taken out business lending and loans anyway.
Continue reading...

https://www.growfunding.co.uk/cbils-coronavirus-large-business-interruption-loan-scheme-can-loan-more-to-uk-businesses

T: 01903 660091

07/08/2020

The CBILS loans for SME businesses are soon to come to an end!

In still uncertain times with the Coronavirus, UK businesses are still trying to find a normal.
The UK government set in place the CBILS (Coronavirus Business Interruption Loan Scheme) to help UK businesses in need of financial support offering loans up to 250K or 25% of the business turnover. The government secures the loan and even pays the first year’s interest! But did you know, even if your business already has one CBILS loan, it may still qualify for a second.
Grow Funding have already arranged and approved £4Million in CBILS loans and have more processed and awaiting approval. It is still not to late to apply, but the deadline has been set for September. There are some talks of the CBILS being extended to the end of September, but can your business afford to take that chance? Apply today and if you are unsure call Grow Funding for free advice on Worthing 01903 660091 – Fast Business Finance when you need it.

-19

31/07/2020

CBILS -
TAKEN FROM THE BRITISH BUSINESS BANK website and shared on here...

About the scheme
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
The scheme is a part of a wider package of government support for UK businesses and employees. Read more at the Government’s Business Support website.
CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need.
Importantly, access to the scheme has been opened up to those smaller businesses that would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.
This significantly increases the number of businesses eligible for the scheme.
How it works
British Business Bank operates CBILS via its accredited lenders. There are over 90 of these lenders currently working to provide finance. They include:
high-street banks
challenger banks
asset-based lenders
smaller specialist local lenders
A lender can provide up to £5 million in the form of:
term loans
overdrafts
invoice finance
asset finance
CBILS gives the lender a government-backed guarantee for the loan repayments to encourage more lending.
The borrower remains fully liable for the debt.
Under the scheme, personal guarantees of any form will not be taken for facilities below £250,000.
For facilities above £250,000, personal guarantees may still be required, at a lender’s discretion, but:
recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied;
a Principal Private Residence (PPR) cannot be taken as security to support a personal guarantee or as security for a CBILS-backed facility
Key features of the scheme
Finance of up to £5 million Guarantee to the lender to encourage them to lend Government pays interest and fees for 12 months
The maximum value of a facility provided under the scheme is £5 million, available on repayment terms of up to six years. The scheme provides the lender with a government-backed, partial guarantee against the outstanding balance of the finance.

The borrower remains 100% liable for the debt. The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied charges.
Finance terms Security No guarantee fees for businesses
For term loans and asset finance facilities: up to six years.

For overdrafts and invoice finance facilities: up to three years. Insufficient security is no longer a condition to access the scheme.

For all facilities, including those over £250,000, CBILS can now support lending to smaller businesses even where a lender considers there to be sufficient security, making more smaller businesses eligible to receive the Business Interruption Payment.

No personal guarantees for facilities under £250,000.

Personal guarantees may still be required, at a lender’s discretion, for facilities above £250,000, but they exclude the Principal Private Residence (PPR) and recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied.

Need more info? or need help applying? Grow Funding can help!

Comment below if you have taken advance and share your experiences with others :-)

23/07/2020

Business Money - when you need it!

Commercial finance specialist when you need us! www.growfunding.co.uk supporting UK business!

T: 01903 660091
E: [email protected]
W: www.growfunding.co.uk

17/07/2020

Trade Finance with Grow Funding
If you are a seller (exporter) or a purchaser (importer) buying and selling goods within the UK or internationally, a bank or independent finance lender could help fund these transactions. Funding trade deals usually presents itself as a letter of credit (LOC), or a Bank Guarantee (BG). Trade finance is simply financing the movement of goods.

Just like other business finance products such as loans, supported formal documentation is usually required. The additional documents that could be required for trade finance is a bill of “lading” along with exchanged contracts. Also, the use of tracking / loading software could help with the lending decision as modern technology allows high monitoring of movement of the export/import, this technology improves the risk of the transaction.

Products and services

• Letter of credit:
This is a promise letter given by the buyers/importers Bank or lender to pay the exporter. This will be subject to the terms of the purchase agreement and meets the required terms set out by the Banks/lenders agreement.

• Bank guarantee:
This is a promise given by a Bank or lender on behalf of the Applicant and in favour of the Beneficiary.

The experts here at Grow Funding specialise in trade finance and our friendly team are here to advise you. We even take out the stress on managing the process and we can complete the application for you.

Grow Funding are experts in a wide range of commercial finance products, and we have achieved outstanding results for all our clients, by matching the right financial product for their business funding needs.

Get in touch today and take advantage of our free consultation and advise service!

T: 01903 660091 E: [email protected] W: www.growfunding.co.uk

Videos (show all)

UK Businesses - Business backed Loans
Coronavirus Business Interruption Loan Scheme
Business Money - when you need it!
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Don't juggle!
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Business Loans With Grow Funding
UK Business owners should not have to suffer!
100% Client Satisfaction - Business Finance -
Grow Funding Invoice Finance 01903 660091
Cats Love Business - Grow Funding

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70 Goring Rd, Goring-by-Sea
Worthing
BN12 4AB

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