Enterprise Finance Guarantee Scheme
We aim to ensure that we find you the best possible financial solution for your individual circumstances and by working with one of our team of Alternative Finance Advisors, we will take the time to fully understand your requirements and gather the appropriate information in order to move your application forward.
The Enterprise Finance Guarantee (EFG) is a guarantee scheme to facilitate lending to viable businesses that have been turned down for a loan or other form of debt finance due to inadequate security or a proven track record. In instances such as this, EFG may be able to be used to access finance if the proposition is viable and can prove it can service the debt.
It is upto the bank whether they wish to support your request but the guidelines for eligibility are as follows:
– The business must operate in the UK
– The business must not have a turnover of no more than £41 million
– Loans are between £1,000 and £1.2 million
– Can afford to repay over a period of between 3 months and 10 years for term lending & asset finance, between 3 months and 3 years for overdrafts, invoice finance and other revolving facilities
– Operate in a business sector that is eligible for EFG
It is vital that whilst you concentrate on your business, you don’t get hampered by reams of paperwork and countless phone calls. We will act from the point of enquiry to the release of funds, taking care of negotiations with the lender and over-viewing all documentation ensuring you the best possible deal in the marketplace for your circumstances from the extensive panel of lenders we work with. 2XL Commercial Finance Ltd is authorised and regulated by the Financial Conduct Authority and is a member of NACFB so you can be sure you are dealing with trusted and fully regulated advisers.
If you would like to explore further any of the possibilities in this area then please do give us a call on 01625 421 976 or drop us an email with your enquiry details and name and contact number at email@example.com and one of our team of advisers will give you a callback.
Commercial and Business Mortgages
Thinking about buying your own premises? Or are you considering investing in a commercial or residential property? Whether it's buying, investing or expanding your current portfolio, a commercial mortgage may be the right solution for you.
Commercial - Business - Personal Insurance
Don't waste your hard work in business by not securing appropriate insurance to cover all risks. We can help you with Public Liability Insurance, Employee Liability Insurance, Professional Indemnity Insurance, Buildings Insurance, Debtor protection, Life & critical illness plus much more.
If you are looking to redevelop an existing site or to invest in building a new commercial or residential property, we can help you secure development funding. Our experts can also help you with options to reinvest or expand your portfolio.
Enterprise Finance Guarantee Scheme
At 2XL, we can help you buy a business or secure finance to start your own! Whether it's finance to purchase assets or to find alternative funding in the absence of security, find out more.
Finance for Pension Funds (SSAS or SSIP)
Are you looking to make your SSAS or SIPP work harder for you? Whether you are on the search for a new property to invest in using your pension scheme, we can help guide you through the process.
Finance for Professionals
Specialist industries deserve specialist advice. If you operate in any of these areas, then do get in touch to find out how we can assist you in sourcing and securing finance solutions. Our team have experience working with Doctors, Dentists, Vets, Pharmacists, Solicitors, Care Homes and Specialist care providers.
Business Loan and Peer-to-Peer Funding
Looking to expand your business with an immediate cash injection? Maybe to pay a tax bill or purchase new equipment? We can help secure funding to support your business including the purchase of a new business or ease cashflow.
Property Portfolio Funding
Whether it's a solution to refinance existing properties, purchase a new commercial or residential property or to search for stronger rates of interest to release cash, 2XL can help you find funding.
Looking to purchase new assets or equipment for your business? Whether it is a business property refurbishment, an update to your fleet or machinery or even adding that much needed van or car for your business, we can help you secure asset finance.