The Enterprise Loan Guarantee scheme (EGS) has replaced the Small Firms Loan Guarantee Scheme. The intention is to keep small businesses trading and to do this the EGS will allow the consolidation of existing business loans.
Loans between £5,000 and £1,000,000 can be provided, over a ten year period, for companies with a trading record. The Department of Trade and Industry (DTI) do not lend the money, the commercial decision is left to the bankers who must provide 25% of the funds the DTI providing security for 75% of the loan.
Capital Brokers has a success rate in excess of 95% in loans being granted. If you would like assistance to obtain the EGS contact us for more details on how we may be able to help. Capital Brokers can offer assistance with all applications and advise clients on what they must do to meet the rigorous requirements of the lenders.
Bankers and the more adventurous lenders are more likely to put up funds if your business finance projections are sound. We can help by determining what funding you will need to meet your goals, how much the growth plan will cost, and what your return on Investment will be. We can advise and mentor and write your business financial proposal in such a way that it is acceptable to lenders.
More importantly, they can present the plan to bankers in a form that potential lenders can understand which is often half the battle in helping you to secure, perhaps, a much needed loan to expand your business.
Capital Brokers can advise you on whether you really need to raise finance or whether your problems can instead be addressed in other ways.
Presenting this information correctly can ensure the keenest lending rates as well as prompt responses to an application. To start the process please click the request box below and leave your information.