Help for small businesses

Monday, 26 January 2009

The Government has launched a support package to address the cash flow, credit and capital needs of small and medium-sized businesses in the UK. Read on to find out what the packages offer and how you can access the help available.
This 75% guarantee for loans will support bank lending, of 3 months to 10 year maturity, to businesses with a turnover of up to £25m that are currently not easily able to access the finance they need. This will enable them to secure loans of between £1,000 and £1m through the Government's guarantee, available up to 31 March 2010.

How to access the Scheme: The Enterprise Finance Guarantee has been available since 14 Januray, 2009  and is available through Barclays,  Clydesdale/Yorkshire Bank, HBOS, HSBC, Lloyds TSB, Northern Bank and RBS/Natwest.