to today's business owner. Here is a list of
popular products and a brief description
of their characteristics
Enterprise Finance Guarantee Scheme
The EFGS was launched in the middle of the Credit Crunch to help Companies source term loans in situations where they may otherwise be rejected by their Bank.
The Government provides a guarantee to the lender equal to 75% of the loan amount, and eligible companies can borrow up to £1M over terms of up to 10 years.
The Scheme has come in for a lot of criticism, as Banks appear to have adopted different approaches to loan applications, and have interpreted the Scheme rules in different ways.
Luckily, we now have plenty of experience helping clients apply for loans under this Scheme and have a very high success rate.
If you have no suitable security, and can demonstrate that your business is viable, we can assist you with an application for an EFGS loan.