Contact Us
Please do get in touch. We would love to hear from you!
It doesn’t matter which stage you are at; you may just be thinking about setting up on your own and want to see what kind of finance you could raise, or you may already be running a successful established business. If you feel that we may be able to help you, just gives us a call.
Too busy right now? Just fill in the Quick Call Back Box on this page, and we’ll call you back as you request.
If you already have a Business Plan written, and would like us to take a look, please just use the “Free Review” page to get these straight over to us.
- SFLG Finance
- PO Box 375
- Leeds
- LS17 1DB
SFLG Finance is a trading name of Frank Finance Ltd.
The Government Small Firms Loan
Guarantee Scheme explained...
This is a scheme that was originally introduced by the government in 1981. The purpose of the SFLGS (or Small Firms Scheme as it is also known), is to help businesses that do not have sufficient security to attract conventional bank lending to get the funds they need.
It was originally administered by the DTi, but is now managed by BERR (Department of Business Enterprise & Regulatory Reform). There have been several "rule changes" over the years, the most recent being as a result of the Graham Review carried out by Lord Graham in 2004.
Very simply, this is how the scheme works:
- You have a sound and viable Business Proposition
- A Funder agrees to lend but you lack sufficient security
- You meet the Scheme eligibility criteria
- The Lender then looks to the SFLGS to provide a 75% guarantee
- The decision to lend is made by the Lender — NOT the government
- Commercial Terms are agreed between you and the lender — the government does not set these
- You can borrow from £5,000–£250,000 from between 1–10 years
- Capital Repayment holidays can be negotiated
- A fee of 2% p.a. is payable to the BERR for providing the guarantee
- Funds can be in your account within a few weeks of application
