Calverton Finance, a leading UK provider of invoice finance facilities to SMEs, has been accredited by the British Business Bank for the Enterprise Finance Guarantee (EFG) Scheme.
The scheme, backed by the Government and operated by the British Business Bank, was set up in 2009 to offer a range of financial support to smaller, viable businesses that would normally struggle to secure funding – usually due to lack of appropriate or sufficient security. Since setting up, the EFG scheme has supported over £4million worth of lending to small businesses.
As the First Business to Receive the Accreditation
Since it was redeveloped and improved last year, Calverton Finance will be offering SME businesses a range of services through the EFG scheme.
The scheme sees only the most reputable companies receive the coveted accreditation. Each accredited company must present leading financial solutions, offered with transparency, honesty and integrity – with immediate effect, Calverton Finance is one such supplier.
As an Accredited Lender This Means
Calverton can offer existing and prospective clients funding in addition to their standard facilities. It also means that they are able to approve funding facilities that they would normally have to decline. Essentially the new scheme allows then to turn a ‘no’ decision into a ‘YES’.
Under the scheme Calverton are able to offer two additional funding options which operate alongside their standard finance facilities:
- Fixed Term Loan
- Top Up Facility
Invoice finance is a fast and flexible finance solution for SME businesses, both established and start-ups. It offers instant access to cashflow, by advancing up to 90% on each issued invoice within 24 hours. This advance gives businesses working capital to enable them to expand, develop, innovate and grow.
If you would like to discuss your EFG scheme options, please call us on 01908 268888. Alternatively, 'Check Your Eligibility' through our EFG form.