Real Help With Finance

There is help out there!!

Managing a business can be challenging enough at the best of times but, in this difficult climate, finding business finance and getting practical advice is critical.

Government help

The government has launched a package of financial measures that will help viable businesses with temporary cashflow difficulties. These supplement existing government help already available.

Government guaranteed lending

The government has launched a package of financial measures that will help enable banks to continue or resume lending to viable businesses with temporary cashflow difficulties.

Be prepared to research all possible options, and to negotiate with the lender, to get the best deal for your business. Since these are commercial products, participating lenders will determine individual borrowing eligibility.

Government guaranteed lending through the new Enterprise Finance Guarantee (EFG) is open to businesses with an annual turnover of up to £25million who are currently not easily able to access the finance they need. This will enable businesses to secure loans of between £1,000 and £1million. Note: all lending decisions will be at the discretion of the bank supplying the loan.

To find out more on government help please visit www.berr.gov.uk