It is with great pride that we announce that Calverton Finance has been accredited under the British Business Bank’s Enterprise Finance Guarantee (EFG) scheme.
What’s more, we are the first invoice finance provider to have been accredited to the scheme since it was relaunched last year.
The EFG scheme provides a government-backed guarantee of 75% of the outstanding balance of eligible facilities, allowing us to broaden our reach to smaller businesses which may have been outside our standard lending criteria or provide additional lending facilities to existing or new clients.
Did you know?
SME businesses in the UK are the very backbone of the UK economy, representing over 99% of the UK private sector companies, and 60% of private sector employment. Therefore, it is vital, more than ever, those SMEs are supported financially. Here at Calverton Finance we do just that.
What we offer
One of the benefits of invoice finance for SME businesses is that it is not lending as such – you are simply being advanced monies owed from your outstanding sales invoices. You can get up to 90% advance, within 24 hours of issuing an invoice, with the balance paid when the invoice is settled by your customer. What’s more, the facilities grow organically with the business, negating any need for constant renegotiations of funding limits.
The EFG Scheme operates in conjunction with our wide range of facilities. Enabling us to offer facilities where we wouldn’t have been able to in the past due to lack of eligible security. We can also offer new advances in addition to our standard facilities.
We are able to provide 2 options to support SME businesses:
- Fixed Term Advances
- Top Up Facilities
Mark Byrne, Managing Director at Calverton: “We pride ourselves on supporting owner-managed businesses by providing a solution to their cashflow requirements, and adapt what we do to suit each client’s particular and specific needs. Our aim is to provide the best service to our clients. With the EFG programme this will substantially increase the help we can provide, giving our clients more choice when it comes to funding their business.”
If you want to get the best facility on offer from the best service provider. Then speak to us today.