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Take advantage of this Government initiative to help start or develop your business!
If you have insufficient assets available to satisfy working capital requirements, the Government provides an option for business like yours.
Working with BFS we can assist you to qualify for the Small Firms’ Loan Guarantee Scheme (SFLGS) in conjunction with the Department of Trade and Industry, to secure your bank up to 75% of the loan requirement.
If you have been trading for two years or more, you can borrow from £5,000 to £250,000. Businesses trading for less than two years have an upper threshold of £100,000.
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- After an initial meeting to ascertain feasibility, we ask you to complete an application and provide some information, such as your accounts, financial forecasts and business plan
- After BFS has positively helped you to prepare your application we process your requirements.
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- If your business falls within a certain annual turnover size: manufactures up to a maximum of £5 million, service industries up to a maximum of £3 million
- If you are a business seeking additional working capital, not simply looking to repay existing funding lines
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- We assist you through every step of your application
- We offer you the highest level of service through out our partnership
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Contact us today to find out how we can help grow your business.
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