Wednesday 28 March 2012

NLGS Scheme not designed to help small businesses

It has been claimed by the British Chambers of Commerce that small firms, as well as younger and high-growth firms (who already have trouble getting credit) may not be supported by the National Loan Guarantee Scheme (NLGS). The NLGS is a scheme designed to help businesses acquire cheaper bank loans. It appears that the help will be more forthcoming to medium sized firms.
Although many of the major banks have signed up to the scheme, HSBC has not as they believe it to not be commercially viable.
If you are a small business in need of help contact Beer & Young. They have a large network of  business angels looking for the right investments.

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