Enterprise Finance Guarantee

Enterprise Finance Guarantee

Get your business off the ground

Find out if your business is eligible for the government scheme designed to help viable businesses that have inadequate security

Key features and benefits

Businesses can use a loan through the Enterprise Finance Guarantee (EFG) scheme for a range of needs, from buying assets to providing funding for working capita,l subject to certain restrictions. The loan is partially guaranteed by the Government but you’re still liable for 100% of the facility1.

Loans up to £1.2 million

You can apply for any sum of loan up to £1,200,000.

Flexible terms available

Spread repayments of your loan from 1 to 10 years23.

Fixed or variable rate

Fixed interest rates available from 1-10 years4.

Is your business eligible?

The eligibility criteria specified by the Department for Business, Innovation and Skills website states that EFG is open to businesses that:

  • Operate in the UK
  • Have a group turnover of no more than £41 million
  • Are seeking finance of between £1,000 and £1.2 million
  • Wish and can afford to repay over a period of between 3 months and 10 years for term lending and between 3 months and 3 years invoice finance
  • Require the finance for an eligible purpose (most business purposes are eligible – the most significant exclusion is the financing of specific export orders as alternative forms of assistance for that purpose are provided by UK Export Finance)
  • Operate in a business sector that is eligible for EFG (almost all sectors are eligible – where exclusions apply they arise from EU State Aid rules)

Other details

  • The ability to request a Capital Repayment Holiday (subject to approval). Interest will be charged to the current account
  • Loans are available from 3 months to 10 years for loans from £1,000 to £600,000, and 3 months to 5 years for loans of £601,000 to £1.2 million
  • EFG loans require customers to pay a fee of 2% per year on the outstanding loan balance to the government
  • All bank fees can be added to the loan to help with your cashflow

Important

You'll be responsible for repayment of 100% of the EFG facility, not just the 25% outside the coverage of the government's guarantee. Where defaults occur, we follow our standard commercial recovery procedures, including the realisation of security, before we make a claim against the government's guarantee for any shortfall.

Ready to apply or want to find out more?

Barclays customers

Call us on 0345 605 23455. Lines are open Monday to Friday, 8am to 7pm

New to Barclays?

Call us on 0800 515 4625. Lines are open Monday to Friday, 8am to 7pm.

Other products that may interest you

Business credit cards

Business credit cards

Manage cashflow with a business credit card

Get the cashflow support your business needs, whether you’re just starting out, growing or established.


APR 26.4% representative (variable).

Business overdrafts

Business overdrafts

Flexible options for short-term finance

Apply for a business overdraft to help you manage changes to your cashflow.

Cashflow finance

Cashflow finance

Stay in control with cashflow finance

Call us on 0800 015 83536