Bionic Point Part of Bionic

Jake – Lending Manager

The Enterprise Finance Guarantee (EFG) is a loan scheme backed by the UK Government which has been introduced to encourage additional lending to viable SME’s that have inadequateecurity against a loan.

The guarantee provides security that the SME is unable to provide to the lender; therefore it offers SME’s access to finance, that would not otherwise have been available without the EFG security in place, although the lender will only allow borrowings that the business can afford to pay back.

EFG can be used to support SME’s in search of finance for business growth, investment, working capital or for refinancing purposes, and is currently being offered by over 40 UK lenders.

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Kirsten Merritt

Kirsten Merritt

Kirsten Merritt attended the University of Westminster with a bachelor’s degree in Marketing and Promotion. After graduating she became a Marketing... Explore Author