The Government has pledged to charge a premium of 2pc for the Enterprise Finance Guarantee (EFG) after the EC state aid rules expired. The rate charge will affect about 5,800 loans that already exist that were drawn up for companies and an additional 3,000 loans that were previously approved by the Business Department. The news […]
Tag: Enterprise Finance Guarantee
SME’s never even heard of Enterprise Finance Guarantee
A new poll suggests that Enterprise Finance Guarantee or EFG may perform poorly due to a lack of publicity. The EFG is the new initiative by the Government that was created to help SMEs get through the economic recession in the UK. However, research denotes that the effort was a flop. A poll conducted by […]