Enterprise Finance Guarantee
Funding to support your business goals
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 backed initiative is designed to assist businesses in most sectors with immediate working capital needs or longer term investment requirements. If you have a viable business proposition but have no security or lack sufficient security, funding may be available.
- Raise funds up to £1m
- Loan can be used to restructure existing borrowing
- Allows you to free up additional working capital
- Open to businesses with an annual turnover of up to £25m
All loans are subject to status. 75% of the loan value is guaranteed by the Department for Business, Innovation and Skills.
Some businesses are excluded, including those in the coal sector, insurance and associated services, public administration, national defence, and compulsory social security.
To discuss your eligibility and suitable options for your business, contact your Agribusiness Partner, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
More Benefits
- Personal attention – dedicated Agribusiness Partner
- Choice – variable loan terms to best suit the needs of the business
- Control – easier to plan budgets and future development
Further Features
- New and established businesses may be eligible
- Ability to borrow from £25,001 to £1m
- Repayments can be spread over 1 to 10 years
- Capital repayment holidays may be available
- Flexible drawdown arrangements available
Complementary Solution
- Protection and Wealth Management
Important Information
- Interest rate
- Variable – available on request from your Agribusiness Partner
- Standard interest rates can be found in the interest rates and charges section. Interest rates in respect of borrowing facilities are individually negotiated and the amount you are charged will depend on your circumstances - speak to your Agribusiness Partner for more details
- Interest calculated daily and applied monthly or quarterly
- Repayment Type
- Capital & Interest
- Maximum amount – £1,000,000
- Costs
- You will pay a Government premium of 2% a year (1.5% in 2009) on the outstanding balance of your loan plus an arrangement fee. Please speak to your Agribusiness Partner for more details
- Cheque books are not available on this type of account
- Terms and Conditions
- Normal lending assessment applies
- Security may be required
- Full terms and conditions are available on request
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.