One resource which could help you grow and develop your business is the Government's Enterprise Finance Guarantee. This has been designed to help guarantee working loans for business.
As part of our ongoing commitment to help your business grow and develop, we may be able to assist you by providing finance through the Enterprise Finance Guarantee.
This Government initiative may help you raise the funds you need if you have a viable business proposition but have no security or lack sufficient security. Open to businesses with an annual turnover of up to £41m.
All loans are subject to status. 75% of the loan value is guaranteed by the Department for Business, Energy and Industrial Strategy. The guarantee is provided to the Bank and the borrower remains responsible for repaying 100% of the EFG loan.
Some businesses are excluded, including those in the coal sector, insurance and associated services, public administration, national defence, and compulsory social security.
The Enterprise Finance Guarantee:
Please note that security may be required. Any asset used as security will be at risk if you break the agreement and may be sold to repay your debt.
For more information on EFG please visit the British Business Bank website
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