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Enterprise Finance Guarantee news

The government announced that four more lenders became accredited under the Enterprise Finance Guarantee scheme, which aims to facilitate the provision of credit to business with insufficient collateral. This was accompanied by news that the upper revenue limit for companies that can access the EFG has been increased to £41m from £25m. This increase is good news, provided it doesn't cause a lack of focus and makes it harder for companies at the lower end of the spectrum to raise money. Here at UKFunders we're eagerly awaiting for statistics on the uptake of this scheme!

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  1. Gravatar for Pat lee Pat lee on 05/10/2012 2:08 p.m.
    Some banks are regarding the Government scheme to discount business finance by 1% as a cashback facility. This will aid cashflow as it is paid at the front end of a deal.

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