July 13, 2017

No Security?

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.

  • Available for sums of £10,000 to £1,000,000
  • Repayment terms between three months and 10 years
  • Individually negotiated interest rates and fees
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
  • Expand or diversify your business
  • Increase your working capital funding.
  • Available for sums of £10,000 to £1 million.
  • Repayment terms between 3 months and 10 years - you choose!
A quarterly premium is payable to the Department for Business Innovation & Skills

Speak to a Commercial Mortgage Specialist