The Small Firms Loan Guarantee allows businesses without sufficient security for conventional bank lending to obtain loans from participating banks that are guaranteed by the Government. The Department of Trade and Industry (DTI) guarantees 75% of the loan and borrowers pay the DTI a premium of 2% pa based on the outstanding loan balance. The scheme is restricted to a maximum of £250,000 and to businesses that have been trading for less than five years with a turnover of up to £5.6m.

To discuss the scheme further with HSBC contact your local HSBC Commercial banking manager.

You can also contact: Mark Scott - Head of Franchising at NatWest Franchise.RetailBanking@NatWest.com
Richard J Holden - Head of Franchising at Lloyds TSB richard.j.holden@lloydstsb.co.uk