Small Firms Loan Guarantee

Show Summary Details

Quick Reference

A UK government scheme introduced in 1980 that guarantees 75% of a company’s overdraft for a 2% premium. The bank must accept the risk for the balance of 25%. The scheme is now available to all small companies and medium sized companies.

Subjects: Financial Institutions and Services — Accounting.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.