Small Firms Loan Guarantee Scheme
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.
At the time of writing, 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.
For more information on the SFLGS please contact one of the finance brokers that advertises with us.