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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

Solutions for your business
 

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.

British Business Bank

A government-owned business development bank dedicated to making finance markets work better for smaller businesses.

How can the enterprise finance guarantee scheme support 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)
  • Offers flexible repayment structures and the option to take capital repayment holidays so you can match payments to your income (subject to prior approval)
  • Offers a choice of fixed and floating3 interest rates to help you manage your cashflow
  • Gives you the option to add all bank fees to the loan to support your cashflow.
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Contact us

Get in touch

To discuss your business requirements and how Barclays can support you, contact us today.

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 two 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.

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.