Small Firms Loan Guarantee
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
SMALL
FIRMS LOAN GUARANTEE SCHEME
Richard J Holden - Head of Franchising at Lloyds TSB richard.j.holden@lloydstsb.co.uk