SBF to continue offering EFG in 2011

Skipton Business Finance has confirmed that they will continue to assist local business via the Government-backed Enterprise Finance Guarantee Scheme (EFG) throughout 2011.

The EFG programme aims to help viable firms that are unable to meet normal commercial lending requirements and Skipton Business Finance have announced that its status as an approved lender in the exclusive panel has been extended to cover 2011.

“We are happy to announce that we have been assigned a further allocation to cover the period of May 2011 to May 2012, meaning that SBF will continue to provide new loans to local businesses as it has successfully done so over the last year,” says Andy Grantham, Sales & Marketing Director. “We are very proud of our successful track record in helping local businesses raise finance against both their invoices through Factoring or Invoice Discounting and the EFG Scheme which provides much needed additional liquidity”.

He added: “The EFG facilities run alongside an invoice finance facility and, despite the mystique portrayed by some lenders, they are certainly not difficult to put in place and it’s all about making sure there is a robust business plan and sound management 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.”

Skipton Business Finance (SBF), part of the Skipton Group Group, is a leading invoice finance company offering a range of flexible working capital solutions for businesses with turnover ranging from new start to £25m.