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In brief:
type:

Loan. With government guarantee.

target:

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.

Contact: Links:

Find a Finance Broker

Small Firms Loan Guarantee Scheme (DTI):
T. (0114) 259 7308/9

Quay Finance

Most of this information was sourced from the DTI publication : A Guide to Help for Small Business, (URN 99/1112)

DTI
 

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:

DTI

Or from:
DTI Publications Orderline
Admail 528
LONDON
SW1W 8YT

T. (0870) 1502 500
F. (0870) 1502 333
Textphone: (0870) 1502 100


 

email:

dtipubs@echristian.co.uk
 


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