If you take a loan under the scheme, you need to pay a 2% guarantee fee on the outstanding balance to Department for Business, Energy and Industrial Strategy. Guarantee fees are collected in advance by direct debit on a quarterly basis.
Some sectors are excluded from this scheme, and restrictions may apply to others. Please speak to your business or relationship manager for full details.
The provision by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) of an EFG scheme guarantee does not imply any endorsement or warranty of the bank from BEIS or the UK Government.
Find out more about the Enterprise Finance Guarantee on the BBB website