EFG Scheme

The Enterprise Finance Guarantee (EFG) scheme provides us with a government-backed guarantee for our Invoice Finance facilities. This enables us to do two things:

1. Provide additional funding facilities to our clients, and to new clients.
2. Make advances where there would normally be restrictions due to lack of security, essentially turning a ‘no’ decision into a ‘yes’.

The EFG Scheme is managed by the British Business Bank (BBB) on behalf of the Department for Business, Energy and Industrial Strategy. It was developed to help viable businesses that required finance facilities but lack the security to raise the finance. As an accredited invoice finance provider, we can now provide additional funding to existing clients and to new clients.

There are 2 types of EFG scheme facilities that we offer:
  • Fixed Term Advance - These are advances repaid over an agreed set period, with repayment periods between 3 – 36 months. In addition to your Invoice Finance facility, this enables our clients to support, for example, seasonal changes, an unexpected increases in orders, or a big bill to pay.
  • Top Ups - As an alternative, this provides an additional advance percentage to our standard invoice finance facilities of up to 100% of outstanding invoice values.
The benefits:
There may be circumstances where a client or a future client requires additional funds that are outside the scope of our standard facilities. The EFG scheme enables us to continue to provide funding in these situations at a negligible cost to the borrower. Working alongside our Invoice Finance boutique solutions, we can provide advances from £5,000 up to £100,000.

How does the EFG Scheme work?

EFG Scheme FAQs

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