Main Terms and Conditions
The SFLG guarantees loans from the banks and other
financial institutions for small firms that have viable business proposals but
who have tried and failed to get a conventional loan because of lack of
security.
Loans are available for periods of between two and ten
years on sums from £5,000 to £100,000 (£250,000 if your business has been
trading for more than two years). SFLG
guarantees 75% of the loan. In
return for the guarantee, the borrower pays DTI a premium of 2% a year on the
outstanding amount of the loan. The
commercial aspects of the loan are matters between the borrower and the
lender.
To be eligible, you must be a UK company with an annual
turnover of no more than £3m (£5m if you are a manufacturer).
Many business activities are eligible but there are a number of
exclusions. Loans are available
for most business purposes although there are some restrictions.
If you would like to make an application, please contact
one of the lenders who are involved in SFLG.
They are:
- Bank
of Ireland (NI only)
- Bank
of Scotland
- Barclays
Bank
- Clydesdale
Bank
- Co-operative
Bank
- Doncaster
Business Advice Centre
- Emerging
Business Trust Ltd
- First
Trust Bank/Allied Irish Banks
- HSBC
Bank
- Lloyds
TSB Group plc
- National
Westminster Bank
- Northern
Bank Ltd
- Northern
Enterprise
- Northern
Investors Company Ltd
- OneLondon
Ltd
- Royal
Bank of Scotland
- State
Securities plc
- Triodos
Bank
- UK
Steel Enterprise
- Ulster
Bank Ltd
- Venture
Finance plc
- Yorkshire
Bank
- Yorkshire
Enterprise Ltd
New Lender Recruitment
The Government is keen to encourage access to SFLG from a
wide lender base. Therefore, any
existing lenders who wish to operate SFLG will now be able to apply at any
time to become an approved lender.
Further details about becoming an approved lender can be
obtained by contacting the dti’s SFLG unit.
Contact details below.
General Information
Further information about the scheme is available in the
SFLG booklet below.
SFLG
booklet (pdf, 156kb)
Hardcopies can be obtained free from the DTI
Publications Orderline Tel: 0870 1502500 or from the DTI
website.
If the booklet does not answer your queries, contact one
of the lenders of the Small Firms Loan Guarantee Unit:
Tel: 0845 001 0032/0033
Fax: 0114 279 4374
e-mail: sflgs@sbs.gsi.gov.uk
The SFLG unit will respond to any enquiry within 15
working days.
