EFG lending increasing, say SBF

Tuesday, 21 September, 2010 - 11:36

Skipton Business Finance (SBF) continues to assist local business via the Government backed Enterprise Finance Guarantee (EFG) scheme by declaring an increase in client numbers in the last quarter.

“Despite recent press comment on the fall in number of loans granted, SBF continue to provide new loans to local businesses and have seen our client numbers increase significantly this quarter,” says Andy Grantham, Sales & Marketing Director. “I think everyone is aware the scheme is not perfect, but it certainly does put the onus back on the provider to make good commercial lending decisions.”

Grantham claimed that by taking a commercial approach and backing the right management teams who have robust business plans, lenders can look to managex risk rather than run away from it.

He added: “The EFG facilities run alongside an invoice finance facility and, despite the mystique portrayed by some lenders, are certainly not difficult to put in place.”

John Crawshaw, Client Services Director says: “We run a very slick operation, which allows the loan to be drawn down within 48 hours of sanction giving quick and easy access to additional funding, which may not be available from traditional sources.”

Want to know more?

Please contact Ed Carney on 0113 242 3237 or email info@skiptonbf.co.uk for further information.