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Problems with Cash Flow? Do You Need Working Capital?
Experts on Government Backed Loans and Grant Funding for New and Existing Businesses
New Enterprise Finance Guarantee Scheme (EFG) :-
 
  • Turn Over up to £25 Million
  • Loans up to £1 Million
  • 75% of Loan Granted by Government
  Our experienced staff can find a solution for all your financial needs, Please call us for a FREE Consultation on:
0870 803 0831
e: enquiries@workingcapitaluk.com

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Enterprise Finance Guarantee Facts

What is it?
The £1bn Enterprise Finance Guarantee (EFG) Scheme will support up to £1.3bn of new lending by banks to viable SMEs with working capital or investment needs.

Who will benefit from the scheme?

The EFG Scheme is open to businesses with an annual turnover of up to £25m, seeking loans of £1,000 to £1m, repayable over a period of 10 years.

Most businesses in most sectors will be eligible for the scheme. However, state aid rules exclude businesses in the agriculture, coal and steel sector.

What sorts of lending will this cover?
The guarantee can be used to support new loans, refinance existing loans or to convert part of all on an existing overdraft into a loan to release capacity to meet working capital needs.

How much of the loan will the Government guarantee?
Government will guarantee 75% of the loan.

How long will the scheme run for?
EFG has been available since Wednesday 14th January 2009 and will operate until March 2010.














Who are the participating lenders?
- Barclays
- Clydesdale / Yorkshire Bank
- HBOS
- HSBC
- Lloyds TSB
- RBS / Natwest
- Northern Rock
It will become available to other lenders as they apply.
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