| carol@peakdistrictfarming.co.uk Tel: 07772828562 |
|
| SOS save our stilton | real food & drink | farm & barn accommodation | fun in the country | editorial and features | artisans | farming help | busy kids outdoors | farm & country news | our site |
| Print-friendly version
Peak District Farming > editorial and features > business and finance > Enterprise funds for farmers
Enterprise funds for farmers Please note you should always seek professional advice. Farmers may be eligible to obtain funds under the enterprise finance guarantee. It lends to viable businesses, ensuring they get capital and investment needed to continue operating. It's set up to ensure banks lend to vulnerable (yet viable) businesses during the recession. This £1.3bn scheme will support bank lending, of 3 months to 10 year maturity, to UK businesses with a turnover of up to £25 million who are currently not easily able to access the finance they need. It will enable farm businesses to secure loans of between £1,000 and £1 million through the government guarantee and is available up to 31 March 2010. The guarantee can be used to: 1. support new loans 2. refinance existing loans where the loan is at risk due to deteriorating quality of security 3. convert an existing overdraft into a loan to meet working capital needs. The enterprise finance guarantee is available now through 26 lenders - the list includes most highstreet banks list of lenders Next step: if you want to apply for this avenue of finance check out 'help with finance' on the business link website, carry out an online assessment and take this information to a bank of your choice (from the list of lenders). |
|
| peakdistrictfarming.co.uk the plough inn
, main road
, flagg
, buxton
, derbyshire, SK179QR, United Kingdom - Show map - Tel: 07772828562 Email: carol@peakdistrictfarming.co.uk Copyright © peakdistrictfarming.co.uk 2010. Peak District Cottages by Peak District Online and Peak District Hotels by Peak District Online. |