For firms or individuals unable to obtain
conventional finance because of a lack of
track record or security.
amount:
Supports loans from £5,000-£100,000
(up to £250,000 for established businesses)
Details:
The DTI's Small Firms Loan Guarantee Scheme
provides a government guarantee for loans
by approved lendors. Loans are made to firms
or individuals unable to obtain conventional
finance because of a lack of track record
or security. The guarantee generally covers
70% of the outstanding loan. This rises
to 85% for established businesses trading
for two years or more. Loans can be for
amounts between £5,000 and £100,000
(£250,000 for established businesses)
and over a period of two to ten years.
N.B. Not all businesses are eligible for
a loan and there are some restrictions on
their use.
Small Firms Loan Guarantee Scheme (DTI):
T. (0114) 259 7308/9
Most of this information was
sourced from the DTI publication : A Guide
to Help for Small Business, (URN 99/1112)
Further Information.
Every effort has been made to ensure that the
information on this page, is accurate, but no legal responsibility
can be accepted for any errors or omissions.
Most of this information was sourced from the DTI publication :
A Guide to Help for Small Business, (URN 99/1112). This
can be ordered from the DTI Web site:
Or from:
DTI Publications Orderline
Admail 528
LONDON
SW1W 8YT
T. (0870) 1502 500
F. (0870) 1502 333
Textphone: (0870) 1502 100
