Finance

Financing Your Business
If you foresee problems in financing your new business or expanding your existing business, then there is a government backed scheme to help you.

Small Firms Loan Guarantee
Many small to medium-sized enterprises (SMEs) have viable business plans that need funding, for which a loan would be appropriate. However, some SMEs may be unable to obtain a conventional loan because they do not have assets to offer as security.

The Small Firms Loan Guarantee (SFLG) helps to overcome this by providing lenders with a government guarantee against default in certain circumstances.

The SFLG is a joint venture between the Department for Business, Enterprise and Regulatory Reform (BERR) and a number of participating lenders. Participating lenders administer the eligibility criteria and make all commercial decisions regarding borrowing.

Click here for a list of SFLG Participating Lenders

The cost of the guarantee is two per cent per year on the outstanding amount of the loan, payable to BERR. For more information please contact us.