Enterprise Finance Guarantee

What you get

Through the Enterprise Finance Guarantee, we can lend you money to get you off the ground, keep you going if things are tough or help you grow.

As it's guaranteed by the Government, we can offer loans (subject to status) to businesses that do not meet our normal criteria because they have insufficient security available.

You can use the funds to help with a range of business needs, from buying assets to working capital (subject to certain eligibility criteria specified by the Department for Business, Innovation and Skills).

Other key features and benefits:

• Capital repayment holidays are completely flexible depending what your business needs (interest is always charged to your current account)
• Sums between £1,000 and £1 million for any type of business at any stage
• Loans are available from three months to 10 years
• The Government guarantees 75% of each loan made under the scheme – for this security, a fee of 2% per year on the outstanding balance is payable quarterly to the Government
• Choice of fixed or variable interest rates with the option to change during the term
• All bank fees can be added to the loan to help with your cashflow