EFG
The Enterprise Finance Guarantee (EFG) is a government loan guarantee scheme, aimed at improving accessibility to working capital and investment funding for small and medium sized businesses (SMEs) in the UK. The scheme was launched in January 2009 as a successor to the Small Firms Loan Guarantee Scheme (SFLGS), and allows SMEs to obtain loans of between £1,000 and £1 million from accredited lenders, backed by a government guarantee. EFG is particularly relevant at a time when many smaller companies are finding it difficult to access finance due to the current economic climate.
Braveheart’s accredited lender status under the scheme was announced in September 2009. Initially the scheme will be trialled within its existing portfolio, however it is anticipated that in time this will extend to a dedicated financial resource aimed at providing working capital to other growing companies.
If you are interested in finding out more about Braveheart and EFG please contact us.