In the midst of the credit crunch UK borrowers are finding it more difficult to obtain commercial mortgages through traditional sources. However, over recent times new choices have become readily available which have never existed before; one of those is the availability of the new Government Enterprise Guarantee Scheme
NEW GOVERNMENT SCHEME- “available only until March 2010”
Enterprise Finance Guarantee
The credit crunch has opened new avenues to acquire finance. Under the EFG (Enterprise Finance Guarantee Scheme), the Government will guarantee lending to viable businesses to ensure that you can get the working capital and investment you need!
FACTS
1. The Government will support £1.3bn of funds.
2. Lending between 3 & 10 years.
3. Qualifying companies with a turnover of up to £25 million.
4. Finance between £1,000 and £1 million.
5. Available up to 31 March 2010.
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