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Enterprise Finance Guarantee

Great business idea but no security to borrow against or need to free up overdraft facilities?

Enterprise Finance Guarantee (EFG) enables small businesses with a workable business proposition but lacking security to borrow from approved lenders.

Key features

If your turnover is under £25 million, you may qualify for EFG funding. This allows you to borrow via Bank of Scotland, with the Department for Business, Innovation and Skills (BIS) guaranteeing 75% of the loan value.

  • Borrow from £25,001 to £1,000,000 for your business.
  • Between one and ten years repayment options.
  • Fixed interest rates available.

Call us on 0845 606 0286

  • Borrow from £25,001 to £1,000,000.
  • Spread payments over one to ten years.
  • Variable or fixed rate terms available subject to status.
  • Early repayment charges may apply to fixed rate loans which are paid off early.
  • Flexible draw down arrangements on loans over £25,000.

Maybe you need a cash injection to get your business off the ground. Perhaps you're ready to take things to the next level. Maybe you'd like to pay off an existing Bank of Scotland business overdraft but want to keep the facility in place to ensure you have working capital. Perhaps it's time to expand operations into other markets. Or it could be that it's time to invest in new equipment or premises.

In many of the above cases, traditional finance - such as business loans - may be hard to secure, especially if you're a newer company or can't offer normal security.

Talk to us about your plans and needs and we'll agree an interest rate and advise you if any security is needed. You will pay an arrangement fee, as well as interest and a Government premium of 2% per year on the outstanding balance of your loan.

Alternative finance solutions

Before applying for EFG, you should explore other finance solutions:

Business overdraft
Invoice Finance
Business Loans
Commercial Mortgage
Hire Purchase and Leasing

Before you apply

Please view our finance application checklist.

Call us to find out if your business qualifies.

Telephone

By phone

Call us on 0845 300 0268.

Any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

This site is intended for UK residents unless otherwise stated. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000. Authorised and regulated by the Financial Services Authority under number 169628. This is an English language site, all contracts will be in the English language only. For optimal viewing of this site you will need Macromedia Flash version 9 or above. Copyright 2010, Bank of Scotland Business Banking. All rights reserved.

Licensed under the Consumer Credit Act 1974 by the Office of Fair Trading under licence number 0593292.

We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.

Authorised and regulated by the Financial Services Authority under number 169628.

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