HOME | LOGIN | OUR PEOPLE | CONTACT US | CAREERS | NEWSLETTER




tel: 0845 9011 960

You are in:- Home Page » Blogs

Hot Property


National Loan Guarantee Scheme launched

commercial property

 

Today the Chancellor has launched the National Loan Guarantee Scheme (NLGS). This will be providing up to £20 billion of government guarantees on unsecured borrowing by banks to smaller businesses across the UK (with an annual turnover of up to £50 million). As the government are not guaranteeing the individual loans the banks retain the credit risk and therefore the usual credit assessments will apply.

A number of banks have signed up for the scheme and the businesses who take out a NLGS loan will receive a discount of 1 percentage point compared to the interest rate that they would otherwise have received outside of the NLGS.

 

Christie Limb

Leave a Reply

*


Powered by WordPress Entries RSS Comments RSS