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SFLG
Start up businesses and those in the early stages of business growth can often face barriers to obtaining funding. 4.3million SMEs operate in the UK, 25,000 of which can expect to experience having a bid for conventional funding rejected each year. Cattles Invoice Finance is one of the few independent financiers bridging this gap by offering the Small Firms Loan Guarantee (SFLG) to SMEs.
What is SFLG?
Designed for SMEs that can not secure conventional funding, the SFLG, gives companies a flexible alternative when looking for a fast and reliable cash injection of up to £250,000. The scheme is provided by the Department for Business Enterprise and Regulatory Reform (BERR), formerly the DTI, who guarantees up to 75% of the loan amount. SFLG loans can be arranged as part of an overall funding package from Cattles Invoice Finance giving SMEs the
flexibility to manage their cash flow together with providing the business with an injection of cash.
How does it work?
Loans are available for up to 10 years and for a minimum of 2 years. Funds can range from £5,000 up to £250,000 and Cattles Invoice Finance will process your application for funding with BERR as part of your business funding solution.
Is my business suitable?
A business considering SFLG must be:
UK business turning over less than £5.6 million per year
Looking for funding between £5,000 and £250,000
Unable to obtain conventional funding due to lack of security
A company with an invoice finance facility with Cattles Invoice Finance
How will it benefit my business?
Quick in principle decision
Your BERR application processed by Cattles Invoice Finance on your behalf
Acts as part of a complete funding solution including invoice finance
Advances from £5,000 to £250,000
75% of the SFLG loan is guaranteed by the Government
Loans can be used for most business purposes
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