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Enterprise Finance Guarantee Scheme

Gain the financial backing you need, even if you lack security, through this Government-backed scheme.1

Is it right for you?

This is a term loan product offered in conjunction with the UK Government. A 75% Government guarantee is issued in favour of the Lender which enables Lenders to consider lending to viable businesses with insufficient security available.

This scheme is designed to support UK based small and medium-sized businesses, with a turnover of up to £41 million, with a viable business proposition but insufficient security to back their borrowing.

  • We provide facilities between £25,001 and £1.2 million (available in Sterling only)2
  • A guarantee fee of 2% per annum on the outstanding balance is payable quarterly in advance by you to the Government
  • Lending fees and associated borrowing costs will be applicable including arrangement fees, valuation fees and security fees
  • As with any other loan facility you remain responsible for repayment of 100% of any facility supported by the EFG scheme

How it supports your business

  • Enables your business to access finance it might not otherwise be able to due to a lack of security
  • Provides funding for a range of business needs, such as investment; working capital or refinancing purposes (subject to eligibility and certain restrictions)
  • Terms up to 10 years are available (subject to the loan amount)
  • Gives you flexible repayment structures and the option to take capital repayment holidays so you can match payments with your income (subject to prior approval)
  • Offers a choice of fixed interest rates or floating3 interest rates tracking Bank of England Bank Rate to help you manage your cashflow
  • Gives you the option to add all bank fees to the loan to support your cashflow

If this product isn’t right for you, try the related products below.

Important information

  • You gain access to lending via this scheme but remain responsible for repayment of 100% of the outstanding facility at all times and not just the amount of the facility outside the coverage of the Government guarantee
  • In the event of your default you will remain liable for 100% of the outstanding debt
  • For fixed rate loans, if you decide to repay early or cancel the fixed interest rate, you may have to pay breakage costs
  • Under the De Minimis State Aid rules, the maximum assistance that can be provided in the current and previous 2 fiscal years is €200,000 in grant aid4
  • Whilst loans are available to most business sectors, some restrictions do apply
  • The product referred to in this webpage is subject to separate terms and conditions
  • The Enterprise Finance Guarantee programme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy
  • The provision of this guarantee scheme should not be construed as an endorsement or warranty of Barclays by the government of the United Kingdom, including the Secretary of State.

Talk to us

Find out more about the Enterprise Finance Guarantee Scheme by talking to your Relationship Director.

New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on:

0800 015 4242*

Alternatively we can call you back or you can email us with your query.

Related products

Asset Finance

Finance to help you fund new equipment or vehicles, enabling you to maximise performance or growth.

Revolving Credit Facility

Conveniently draw down and repay funds according to your needs.

Term Loan

Receive finance over a specified period for general business needs.

1Subject to certain separate terms and conditions and eligibility criteria specified by the Department for Business, Innovation and Skills
2Subject to status and eligibility
3Negative interest rates: If your facility is aligned to a floating reference rate (e.g. Bank of England Bank Rate) and that rate becomes less than zero then it will be deemed to be zero i.e. the total interest rate charged for that facility will never be less than the facility margin.
4Maximum assistance may be lower for specific sectors

How can we help?

To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242 *