Enterprise Finance Guarantee

Have a workable business proposal but lack security or need to free up overdraft facilities? The Enterprise Finance Guarantee (EFG) enables small businesses with a workable business proposal, but lacking sufficient security, to borrow money from approved lenders.

Features and benefits

  • Borrow from £25,001 to £600,000 over one to 10 years, or £600,001 to £1,200,000 over one to five years.
  • Variable or fixed rate1 interest terms, dependant on circumstances.
  • Early repayment charge2 may be payable if a fixed rate loan1 is fully or partly repaid early.
  • Flexible draw down arrangements.
  • Benefit from capital repayment holidays, available in certain circumstances.
  • To apply for Enterprise Finance Guarantee, your business's turnover must not exceed £41 million.

The Enterprise Finance Guarantee allows you to borrow without the available security, whether your business is young or old. Through Lloyds Bank, the Department for Business, Innovation and Skills provides a partial guarantee for the loan. However, your business remains liable for the full loan amount.

Tell us about your plans and needs so we can agree the interest rate. Then we can let you know whether we need any security. As well as the interest, you will pay an arrangement fee, plus a government premium of 2% a year on the outstanding balance of your loan.

The Enterprise Finance Guarantee scheme is specifically designed for small businesses. We lend to businesses of all ages, so you wouldn’t be refused just because your business is young or you can’t offer normal security.

For more information on the Enterprise Finance Guarantee please visit the BIS websiteVisit the BIS website for more information on the Enterprise Finance Guarantee..

One of our business management team will be happy to speak with you about your application.

However, before you get in touch, please make sure you’ve prepared answers to the following:

  • How much would you like to borrow?
  • How will you use the loan?
  • What length of loan term do you expect?
Loans icon

Fixed Rate Loan

Borrow up to £50,000 on a fixed rate.

Find out moreabout Fixed Rate Loans

Overdrafts icon

Business Overdrafts

Make sure extra funds are available when you need them, and only pay interest on the funds you use.

Find out moreabout Business Overdrafts

Loans icon

Base Rate Business Loan

A loan with a variable rate that changes in line with the Bank of England bank rate.

Find out moreabout the Base Rate Loan

Loans icon

Loans and finance

Our lending products are flexible enough to accommodate almost any business plan.

Back to loans and finance

Enquire online

Completing our business loan calculator takes about 10 minutes. Once we receive your information, we’ll contact you to discuss your business needs in more detail.

Enquire onlineabout our Enterprise Finance Guarantee

On the phone

0345 072 5555Call telephone number 0345 072 5555

Call us to talk to one of our business management team. Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.