Small Firms Loan Guarantee Scheme
The Small Firms Loan Guarantee Scheme (SFLGS) was a government backed initiative to enable small businesses to be able to raise loan finance although they may lack the assets required as security by traditional loan providers.
The SFLG has been replaced by the Enterprise Finance Guarantee Scheme (EFG).
Historic information about the SFLG is show below:
Small Firms Loan Guarantee Scheme
Authorised lenders were able to offer the SFLGS in addition to invoice finance. Typically, you were able to borrow between £5,000 and £100,000 (or up to £250,000 if you have been trading for over 2 years) over between 2 and 5 years.
No personal guarantees were required and the Department of Trade and Industry (DTI) guaranteed 75% of the value of the loan.
The SFLG has been replaced by the EFG.
Complete an: ONLINE QUOTATION SEARCH REQUEST FOR THE EFG
For further information about Factoring follow this link
For further information about Invoice Discounting follow this link
