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A walk-through of the UK Growth Guarantee Scheme application process — what we’ll ask for in the short broker enquiry, what each lender needs at full underwriting, and what to expect from soft search through to drawdown of funds.
Start my GGS application →The full UK Growth Guarantee Scheme application process — with realistic timings.
Two minutes via the form on the pillar page. We capture loan amount, term, purpose, business basics and contact details. No documents required at this stage.
We run a single soft search across our accredited GGS lender panel — no impact on credit file. Indicative offers usually within 24–48 hours.
Once you’ve chosen an indicative offer, the chosen lender requests the full underwriting pack — financials, bank statements / open-banking, ID, business plan if relevant.
Lender underwriting and credit-committee approval. Typical turnaround: 5–15 working days for non-bank lenders, 2–6 weeks for high-street banks.
Loan agreement, BBB scheme paperwork, Personal Guarantee (if required) and any security documents. Funds typically clear within 2–5 working days of signature.
Documents the lender will typically request once you’ve picked an indicative offer. Not all are required for every case — smaller-ticket specialist GGS lenders run a much lighter pack than high-street banks.
End-to-end timings vary widely depending on the lender type and the cleanliness of the case:
Two minutes to apply, no documents required to start. Soft search only, no impact on your credit file.
You apply through an accredited GGS lender directly, or through an FCA-authorised credit broker like The Loans Hub. Brokers typically run a single soft search across multiple lenders rather than applying to each individually.
No. A soft search is invisible to other lenders and does not affect your credit score. Only the formal application to the chosen lender produces a hard search and a credit-file footprint.
Specialist non-bank GGS lenders typically fund in 5–15 working days. Challenger banks 2–4 weeks. High-street banks 4–8 weeks for a new-to-bank case.
To start the broker enquiry: nothing. To complete formal lender underwriting: typically last 2–3 years filed accounts, 3–6 months of business bank statements (or open-banking access), director ID, and a use-of-funds explanation. Larger tickets need a cash-flow forecast.
Yes — existing facilities don’t automatically rule you out, but the lender will assess overall affordability with current debt service in mind. Disclose all existing facilities upfront.
No borrower-side fee for the standard GGS introduction through The Loans Hub. The lender remunerates the introducer via commission (disclosed before you proceed). The 2% BBB scheme fee is paid to the lender at drawdown.
Click below to start the enquiry — we’ll be back with indicative offers within 24–48 hours.
Start my GGS applicationEvery page below feeds the same panel of British Business Bank-accredited GGS lenders. Pick the deep-dive that matches your question, or jump to grants and alternative funding routes.
© 2026 The Loans Hub. All rights reserved.
