British Business Bank programme: Enterprise Finance Guarantee
Calverton Finance Ltd (Calverton), the Invoice Finance specialist, has become an accredited lender under the British Business Bank’s Enterprise Finance Guarantee (EFG) scheme. The accreditation will enable Calverton to increase its supply of invoice and asset based finance to viable, smaller businesses that are struggling to obtain the finance they need.
The British Business Bank’s Enterprise Finance Guarantee (EFG) Programme facilitates business finance to smaller businesses that are viable but unable to obtain finance from their lender due to having insufficient security to meet the lender’s normal credit requirements.
Calverton has been accredited for both the term loan variant and invoice finance variant of the EFG scheme, the first new invoice finance provider to be accredited since the scheme was redesigned and relaunched last year. Since being established in 1998, Calverton has provided a variety of invoice finance offerings to UK owner-managed businesses, from start-ups to businesses with sales of up to £10m.