The Enterprise Finance Guarantee (EFG) formerly known as the Small Firms Loan Guarantee scheme is a loan guarantee scheme to facilitate additional lending to viable small and medium size enterprises which lack adequate security or a proven track record to qualify for a normal commercial loan.
Enterprise Finance Guarantee
The Enterprise Finance Guarantee could assist you if you are looking to expand, diversify or need to increase your working capital. If you do not have adequate security then this is one option we can explore for you.
The Scheme does have terms and conditions that you have to meet. Your annual turnover should not exceed £25m and you must have a sound business proposal.
Government guarantee which secures bank loans, covering 75% of each qualifying loan.
We'll find ways to get you growing
The Enterprise Finance Guarantee could help if you have a sound business proposal but are unable to obtain a bank loan due to lack of adequate security, and you are looking to
A quarterly premium is payable to the Department for Business Innovation & Skills
Small Haulage Firm
Rob Styles Merseyside
This self-employed driver worked for one haulage company and had achieved a turnover of £160k pa. Rob worked during the day in his
Electrical & Mechanical Contractors
Steven Buckley S&S Electrical
This Electrical Contractor was established to undertake contracts for large end users and main contractors.
ELS Printing services. Manchester.
Difficulties were encountered when the directors moved into publishing; with further losses materialising through