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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 British Business Bank’s Enterprise Finance Guarantee (EFG) scheme facilitates lending to smaller businesses that are viable but unable to obtain finance from their lender due to having insufficient security to meet the lender’s normal requirements. In this situation, EFG provides the lender with a government-backed 75% guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision to become a ‘yes’. The EFG scheme is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS). For more information on EFG please visit the British Business Bank website.

Key Features

  • If you are a viable, UK-based business with a turnover of no more than £41 million per annum you may be eligible for EFG funding. You must also be able to confirm that your business has not received de minimis State aid beyond €200,000 (or equivalent) over the previous three years.
  • 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.

You can apply by calling 0345 300 0268

*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.

Overdrafts are repayable on demand.

Our commitment to Scottish business

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