Small Firms Loan Guarantee Scheme (SFLG)

Monday, September 22, 2008 9:02
Posted in category Uncategorized

We have today added some new information to our website regarding the Small Firms Loan Guarantee Scheme (SFLG).

The Small Firms Loan Guarantee Scheme is a joint venture between the Department for Business, Enterprise and Regulatory Reform (BERR) and a number of participating lenders. Participating lenders administer the eligibility criteria and make all commercial decisions regarding borrowing.

Many small to medium sized businesses have good business plans that need additional funding. However, as a small business it may be difficult to obtain a conventional commercial loan due to lack of security.

The Small Firms Loan Guarantee (SFLG) avoids this problem by providing lenders with a government guarantee against default in certain circumstances.

Please visit the SFLG page on our main website for further details http://www.bestcommercialfinance.co.uk/smallfirmsloanguarantee.htm

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