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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. This guarantee is 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 guarantee can:

  • Raise funds up to £1.2m
  • Be used to restructure existing borrowing
  • Allow you to free up additional working capital

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.

More benefits
  • Guidance from a relationship manager
  • Variable loan terms
  • Easier to plan budgets and future development
Further features
  • New and established businesses may be eligible
  • Ability to borrow from £25,001 to £1.2m
  • Repayments can be spread over 1 to 10 years, depending on amount borrowed
  • Capital repayment holidays may be available
  • Flexible drawdown arrangements available
Important information
  • 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 relationship manager for more details
  • Interest calculated daily and applied monthly or quarterly
  • Repayment type
    • Capital & interest
  • Maximum amount – £1,200,000
  • Costs
    • You will pay a Government premium of 2% a year on the outstanding balance of your loan plus an arrangement fee. Please speak to your relationship manager for more details
  • Normal lending assessment applies
  • Security may be required
  • Full terms and conditions are available on request

For more information on EFG please visit the British Business Bank website

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