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The Small Firms Loan Guarantee (SFLG) was a UK government loan support scheme for small businesses that ran from 1981 to January 2009.. Under the scheme, participating banks could lend up to a maximum of £250,000 to eligible UK companies trading less than five years with a turnover of less than £5.6 million, and have 75% of the loss at default met by the government.
The Small Firm Loan Guarantee scheme went through various small changes during its life, from 1981 to 13 January 2009: Refer to the 2008/9 annual report on SFLG for a summary of the main structural and eligibility changes in each year. The scheme has consistently been focused on new start up and early stage businesses.
The first five funds supported under the scheme were launched in 2006-7 following a pathfinder competition. A further three funds were awarded ECF status in 2007. As of 1 April 2008, responsibility for the management of ECFs along with BIS's other equity funds and the Small Firms Loan Guarantee (SFLG) was transferred to a new body, Capital for ...
Small Business Administration loans are term loans or lines of credit partially guaranteed by the U.S. government. These loans have requirements and maximum interest rates set by the SBA. They ...
They are partially guaranteed by the Small Business Administration and designed to be affordable for small businesses. SBA loans often have competitive rates and low down payments, and some loans ...
In the 2023 Small Business Credit Survey, 36 percent of small businesses applied for business loans, while 20 percent applied for an SBA loan or line of credit. 7. Microloan