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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 ...
The loan guarantee scheme is an expansion of a previously announced initiative to help small businesses recover from the impact of the pandemic. Indonesia launches $7 billion loan guarantee scheme ...
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 ...
Enterprise Singapore (EnterpriseSG) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore.It was formed on April 1, 2018, to support Singapore small and medium enterprise (SMEs) development, upgrade capabilities, innovate, transform, and internationalize.
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
EDB was also functioning as an industrial bank, offering loans to companies at "reasonable interest rates". [ 21 ] [ 22 ] Investing since 1991, EDBI is the dedicated corporate investment arm of the EDB, and a global investor in select high growth technology sectors covering Information & Communication Technology (ICT), Emerging Technology (ET ...