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Enterprise Finance Guarantee (EFG)

Delivered by British Business Bank

The Enterprise Finance Guarantee (EFG) is a guarantee scheme to facilitate lending to viable businesses that have been turned down for a loan or other form of debt finance due to inadequate security or lack of a proven track record. EFG is open to viable businesses that:

  • Operate in the UK
  • Have a turnover of no more than £41 million
  • Are seeking finance of between £1,000 and £1.2 million
  • Wish to and can afford to repay over a period of between three months and ten years for term lending, and between three months and three years for overdrafts, invoice finance and other revolving facilities
  • Require the finance for an eligible purpose
  • Operate in a business sector that is eligible for EFG

Business owners are encouraged to ask their lenders about the EFG scheme if they have had a request for borrowing declined, or are uncertain about their eligibility for a business loan.

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