The Small Firms Loan Guarantee (SFLG) was a UK government loan support scheme for small businesses that ran from 1981 to January 2009.
Under the scheme, participating banks could lend up to a maximum of £250,000 to eligible UK companies trading less than five years with a turnover of less than £5.6 million, and have 75% of the loss at default met by the government. [1]
The SFLG was replaced by the Enterprise Finance Guarantee (EFG) on 14 January 2009.
See also
References
- ^ "Enterprise Finance Guarantee". Department for business innovation and skills (archive). September 8, 2009. Archived from the original on September 8, 2009.
The Small Firms Loan Guarantee (SFLG) was a UK government loan support scheme for small businesses that ran from 1981 to January 2009.
Under the scheme, participating banks could lend up to a maximum of £250,000 to eligible UK companies trading less than five years with a turnover of less than £5.6 million, and have 75% of the loss at default met by the government. [1]
The SFLG was replaced by the Enterprise Finance Guarantee (EFG) on 14 January 2009.
See also
References
- ^ "Enterprise Finance Guarantee". Department for business innovation and skills (archive). September 8, 2009. Archived from the original on September 8, 2009.