Enterprise Finance Guarantee

Have a workable business proposal but lack security or need to free up overdraft facilities? The Enterprise Finance Guarantee (EFG) enables small businesses with a workable business proposal, but lacking sufficient security, to borrow money from approved lenders.

 

  • Features and benefits

  • Interest rate reduced by 1% as part of the Funding for Lending Scheme*

  • Borrow flexible lump sums - Borrow from £25,001

  • Spread repayments over 1 to 10 years

  • Variable or Fixed interest rates** are available depending on your circumstances

  • If you repay part or all of your fixed rate** loan before the end of the agreed term there may be a break cost***. There is no break cost*** for bank rate linked loans

  • An arrangement fee will apply up to 1.5%**** and dependent on the amount you borrow

  • Flexible draw down arrangements available

  • Capital repayment holidays may be available

 

Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

 

Before you apply

Before you apply please view our:  Finance Application Checklist (PDF)

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

The British Business Bank is 100% Government owned, but independently managed.

More information

Tell us about your plans and needs, and we will then agree the interest rate with you and let you know whether we need any security. As well as the interest, you will pay an arrangement fee, plus a Government premium of 2 percent a year on the outstanding balance of your loan.

*TSB is a market participant of the Bank of England’s Sterling Monetary Framework (SMF) and as such is eligible to apply for usage of the Bank's operations in the sterling money markets, which includes the Funding for Lending Scheme (FLS).

Find out more and apply

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