• Enterprise Finance Guarantee

    When you’re a small business with big plans.

    Maybe you need a cash injection to get your business off the ground. Perhaps you’re ready to take things to the next level. 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.

    The Enterprise Finance Guarantee (EFG) was launched by the Department for Business, Innovation and Skills in 2009 to help Small and Medium Enterprise (SME) customers, who have a viable business proposition but lack security, to access finance by guaranteeing 75% of the loan value. The guarantee is between the Bank and BIS and will not reduce or remove the liability to the customer; they will remain responsible for repaying 100% of the EFG loan. All assets and available security should be utilised for conventional lending prior to considering EFG. For more information on EFG please visit the BIS website.

  • Key Features

    • If your turnover is under £41 million, and you meet our scheme criteria, you may qualify for Enterprise Finance Guarantee (EFG) funding.
    • Borrow from £25,001 to £600,000 over one to 10 years or,
      from £600,001 to £1,2 million over one to 5 years
    • Variable or fixed interest rates* available.
  • Features and benefits
  • Arranging your loan
  • How to apply

Features and benefits

    • Borrow from £25,001 to £600,000 over one to 10 years or,
      from £600,001 to £1,2 million over one to 5 years
    • Variable or fixed rate* terms available subject to status.
    • Flexible draw down arrangements on loans over £25,000.
    • Capital repayment holidays may be available.
    • You will pay an arrangement fee and a Government premium of 2% per year on the outstanding balance of your loan, this is payable quarterly by direct debit.

Arranging your loan

  • Talk to us about your plans and needs. Before you apply for EFG funding, you should look at other finance options we may be able to help you with including:

    If the EFG scheme is right for your business, then we'll agree an interest rate (subject to eligibility) and advise you if any security is needed. We’ll discuss all terms and conditions with you before you take out your loan.

    You can apply by calling 0345 300 0268

How to apply

  • *There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

  • 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.

  • Contact us

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    Existing customers
    0345 300 0268

    New customers
    0345 606 0286

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    More information

  • Finance selector

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    A useful tool to help you find out which of our finance options may be right for your business.

    Launch selector

  • Our commitment to Scottish business

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    We're committed to helping Scottish businesses grow and develop by giving them the support they need – our Business Charter will tell you more.

    Find out more

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