Fewer Government backed loans offered to SME's

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 Fewer Government-backed loans offered

Latest figures from the British Business Bank reveal a sharp fall in the number of Government-backed loans being taken out by small businesses. Just 482 Enterprise Finance Guarantee (EFG) loans were offered in the last quarter of 2015, with businesses borrowing £56.2m through the scheme during the period. Both the number of loans offered and the overall value are the lowest quarterly figures since the scheme launched in 2009.

Source:   The Mail on Sunday (20/03/2016)

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