£1.3bn Help for Small Firms
Wednesday 14 January 2009
Today the Government launched the £1.3bn Enterprise Finance Guarantee scheme – announced in November - which provides loans to small businesses.
Key information on the scheme:
- Government will guarantee loans to 75%
- Loans will have a life span of 3 months to 10 years maturity
- Businesses must have a turnover of no more than £25m and find it difficult to access finance
- The value of loans will be between £1,000 and £1m
- The scheme is available until March 2010
Further information:
Enterprise Finance Guarantee Scheme.
To contact the FSB Financial Helpline: call 08000 193 633