This scheme provides funding to viable business for working capital and for business development and growth. It provides a government guarantee for up to 75 per cent of the bank's lending in return for a small premium. The minimum loan amount is £1,000 and the maximum is £1 million. Contact any of the participating lenders directly to discuss an application for a business loan under the Enterprise Finance Guarantee scheme. Your current lender should be your initial point of contact but it also makes sense to compare loans from more than one provider.
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