This content is restricted to Forum members only. If you are an existing member, please log in below using your username and password. If you're interested in becoming a member of the Forum, please visit this page.
Under the Enterprise Finance Guarantee (EFG), the Government guarantees lending to viable businesses to ensure that they can get the working capital and investment they need, where a sound proposition may otherwise be declined due to a lack of security. The EFG can be used to cover: new term loans of between one and ten years; existing lending where lenders might not otherwise refinance the debt; conversion of part or all of an existing utilised overdraft into a term loan in order to release capacity in the overdraft to meet working capital requirements. This is conditional on the lender being prepared