Government's Enterprise Finance Guarantee Scheme
Lenders usually require security, e.g. your home. Where you don't have sufficient security, Sightpath can help you access the Government's Enterprise Finance Guarantee Scheme.
The Government is keen to support businesses in their growth plans and may guarantee up to 75% of the bank loan. If a bank has reviewed your business plan and would be willing to lend, but you don't have the security, the business plan may be submitted to the Government's scheme.
A Sightpath business plan was recently used to successfully obtain a £150k bank loan backed by the Government's EFG scheme. Testimonial...
Call Sightpath on 0845 468 2020 for a business plan to get a bank loan without security.
Business Turnover less than £25m
Loan value £1k to £1m
Term 1 to 10 years
Up to 75% guaranteed by the Department for Business, Innovation and Skills (BIS)
Interest premium levied by BIS of 2% per year on the loan balance