http://www.business-sale.com - t has been confirmed that The Enterprise Finance Guarantee (EFG) Scheme, which improves access to funding for small businesses, will continue for the next four years.
The government has announced the continuation of the scheme, which see it guarantee 75 per cent of a small firm's bank loan, with the banks covering the remaining 25 per cent.
The scheme will make a further £2 billion available to small firms. The government has also pledged to commit an extra £200 million to Enterprise Capital Funds, which allow SMEs to sell debt in exchange for a stake in the business.
