Sometimes called DTI loans, the Small Firm Loans Guarantee (SFLG) scheme helps businesses with limited security to raise finance, by guaranteeing 75% of the loan. It’s a great way to get a new business started or to inject capital into an existing enterprise, quickly and competitively. At Venture, by raising the finance against your invoices through Factoring or Invoice Discounting, we improve your cashflow at the same time.
SFLG is a flexible scheme and enables you to raise funds for a wide range of business purposes: The purchase of premises, investment in plant or machinery and funding business expansions are all welcomed under rules drawn up by the DTI. (Loans are now officially backed by the newly named BERR, but it may be a while before people stop calling them DTI loans.)
The benefits include:
- Advances from £5,000 to £250,000
- 75% of the SFLG loan is guaranteed by the Government
- No personal security required for the Government portion of the loan
- Venture loans are delivered around Factoring or Invoice Discounting, improving your cashflow at the same time
- Loans can be used for most business purposes
- Minimal paperwork – we’ll guide you though the whole process
- Retained control – you get a loan, without giving up part of your business unlike equity finance for example
- Repayment options from 1-5 years
- Setup can take as little as five days
If you think the SFLG scheme might work for your business, take a look to
see if you’re eligible, or give our experienced team a call to talk through the options:
0800 077 8547.
