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Government backed business loan

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  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Could you mean the Small business loan guarantee scheme?


    If so not sure it exists anymore - it was all the rage in the 90's when bank managers used to lend willy nilly knowing they couldn't lose because it the business went belly up the government coughed up.
  • JohnJLewis
    JohnJLewis Posts: 96 Forumite
    Could you mean the Small business loan guarantee scheme?


    If so not sure it exists anymore - it was all the rage in the 90's when bank managers used to lend willy nilly knowing they couldn't lose because it the business went belly up the government coughed up.

    Someone I know got a government guaranteed loan for a start up last month.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They used to be known as SFGL - SMALL FIRMS GUARANTEED LOAN.
    I no longer work in that environment so cannot tell you what is available these days.
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