|Regional:||8||Amounts:||£5,000 to £250,000|
One of the reasons banks shy away from financing small businesses is the high risk factor. Many small businesses fail and when that happens the bank is stuck with a bad loan. But if someone is willing to guarantee the loan, or a substantial part of it, financial institutions are a lot more willing to pony up. It's like having Dad co-sign for that car loan.
Government insurance (available for low premiums or even no premiums) provides this option to small businesses. For example, the Enterprise Finance Guarantee Scheme can help you get a loan from private lending sources, backed by a guarantee from the UK Government.
The programme offers flexible loan terms for small businesses who want to expand their business by pushing into export markets. The big advantage for small businesses is that no additional security is required to be put up.
Recipients discuss their success
and give you tips to get funding.
Phone 0800 856 1567 or email us