Small Firms Loan Guarantee
- Small Firms Loan Guarantee
The Small Firms Loan Guarantee (SFLG) can lend up to a maximum of £250,000 pounds to UK companies trading less than 5 years with a turnover of less than £5.6 Million.
If your business is under 5 years old and your turnover (revenue) is not more than £5.6million, you may be eligible for funding under Small Firms Loan Guarantee.
SFGL is a tool that allows businesses to raise finance, through most highstreet Banks, with 75% of the loan’s value guaranteed by the Government via the Department of Trade and Industry (DTI).
* Borrow flexible lump sums: from £5,000 to £250,000.
* Spread repayments over two to ten years.
* Variable or fixed rate interest terms are available depending on your circumstances.
* An early repayment charge is payable if you close a fixed rate loan early.
* Apply for a capital repayment holiday up to a maximum of two years.
* Flexible draw down arrangements (where total loan is over £25,000).
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