SBF has signed up another client this week, which had its facility increased by an EFG loan:
- Galvanising Company
- £650k invoice factoring facility + £75k EFG loan
- Fund increased cashflow
This client required an invoice factoring facility to increase levels of cashflow and help the company continue its expansion across the UK.
And with their facility topped up by an EFG loan, they are now in a position to take on bigger and more lucrative contracts.
We wish them every success!
Enterprise Finance Guarantee scheme
Skipton Business Finance is proud to be on the list of exclusive Enterprise Finance Guarantee lenders.
An Enterprise Finance Guarantee facility is for small businesses intended primarily to improve the availability of working capital through term loans and the consolidation of overdrafts. Businesses with turnovers of up to £25 million can apply for an EFG so it can benefit a wide range of small businesses, SMEs and owner-managed businesses.
It’s a great way to supplement invoice finance facilities with that bit of extra cash to help provide a business with all the benefits associated with bigger and better cashflow.
There will be £2 billion worth of funds available to start-ups and small businesses through the Enterprise Finance Guarantee scheme up until 2015 and Skipton Business Finance are proud to be approved lenders.