Best Growth Guarantee Scheme Lenders / Guides / Growth Guarantee Scheme personal guarantees
Guide · reviewed 11 November 2026
Growth Guarantee Scheme personal guarantees
Answer in brief
Lenders can ask for a personal guarantee on a Growth Guarantee Scheme facility, in line with their normal practice. Your principal private residence, meaning your main home, can't be taken as security within the scheme. The 70% government guarantee protects the lender, not you: the business stays 100% liable for the debt.
What the guarantee covers
The government guarantee is given to the lender. If the business can't repay, the lender recovers what it can, then claims under the guarantee. It doesn't reduce what the business owes.
Personal guarantees
A personal guarantee makes a director personally liable. Ask whether one is needed, how much it covers and how it could be called, and take independent advice before you sign.
Check your Growth Guarantee Scheme options →
Free, no obligation. Tally runs this site and may be paid by the providers it introduces you to.