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Small business grants are a type of funding given mainly by local and national government to eligible businesses. For example, local government often awards grants to new businesses in their area that create jobs and economic activity.
If you are eligible, then we can offer advice and support to help you access a range of locally and nationally funded grants and assistance schemes. These include the well-established Enterprise Partnerships as well as the Enterprise Finance Guarantee Scheme (EFGS).
The EFGS is a government initiative that helps small and medium-sized businesses. It does this by providing flexible loans of between £1k and £1.2 million. EFGS lends to businesses that are viable but are unable to obtain finance from commercial lenders due to having insufficient security to meet lender’s normal requirements. EFGS provides the lender with a government-backed guarantee of up to 75%, against the loan. This potentially allows a ‘no’ credit decision from a lender to become a ‘yes’.
There are currently over 40 U.K. banks and financial institutions set up and registered to administer the EFGS, and we have strong established relationships with all of them. So for free, unbiased advice to discover if an EFGS facility is available for your business, please get in touch.
There is an ever-changing range of grant funding available both locally and nationally. The challenge is to find the product that best suits your particular needs and circumstances. That is precisely where the services of a specialist broker such as Fusion Finance can make all the difference. Firstly, we bring expertise along with access to the wider lender market. Secondly, we aim to find you the best funding for your particular circumstances. Finally, our help and advice are impartial, in confidence and given without obligation.
Please contact us today to see how we can help you or submit an email enquiry, and we will get back to you.
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