Enterprise Finance Guarantee (EFG)
What is the EFG?
The Enterprise Finance Guarantee is a £1bn Small Business Finance Scheme.
The scheme provides 75% guarantee for loans to support bank lending, of 3 months to 10-year maturity, to businesses with a turnover of up to £25million. Loans of between £1,000 and £1m are available up to 31 March 2010.
The guarantee will be available for viable businesses that do not have the requisite collateral to secure borrowing and meet the requisite eligibility.
Business Finance Solutions is an EFG provider.