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Enterprise Finance Guarantee

If you have a workable business proposal but lack sufficient security, your business can use the Enterprise Finance Guarantee to borrow money. You could use the loan to pay off any existing Lloyds Bank business overdraft facility, buy or update equipment, move to bigger premises or expand into new markets.

Features and benefits

  • Loans from £25,001 to £600,000 over one to 10 years or,
  • Loans from £600,001 to £1,2 million over one to 5 years.
  • Variable or fixed rate1 interest terms, dependant on circumstances.
  • 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 per annum and must have not received de minimis State aid beyond €200,000 equivalent over the previous three years.

Through Lloyds Bank, the Secretary of State for Business, Energy and Industrial Strategy (BEIS) 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 and let you know whether we need any security. As well as the interest, you will pay an arrangement fee, plus a 2% annual Guarantee Fee to the government on the outstanding balance of your loan.

For more information on the Enterprise Finance Guarantee please visit the British Business Bank website.

One of our relationship managers 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?
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Commercial Fixed Rate Loan

Borrow from £50,001 and get a fixed interest rate for a 1-25 year period.

Find out moreabout Commercial Loans

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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 Business Loan

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Commercial Mortgage

A commercial mortgage could help your business expand into larger or multiple premises.

Find out moreabout the Commercial Mortgage

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Loans and finance

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

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How to apply

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

0800 022 4378Call telephone number 0800 022 4378

Call us to talk to one of our relationship managers. We are available from 9am to 5pm Monday to Friday.

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Finance selector

A convenient way to help you decide which of our finance options could be right for your business.

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Lending appeals

Appeals for borrowing. Business finance declined? You can ask for the decision to be reviewed.

Find out more