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| NESTA - the National Endowment for Science, Technology and the Arts | Support through investment/equity finance | www.nesta.org.uk | | Enterprise Finance Guarantee (EFG) | The EFG is a loan guarantee scheme intended to facilitate additional bank lending to viable SMEs with insufficient or no security with which to secure a normal commercial loan. | Click here to go to BIS website | | Bank Finance | See Business Link for an explanation of all the options offered by Banks. | Click here for Business Link Website | | Factoring and Invoice Discounting | Factoring - also known as 'debt factoring' - involves selling your invoices to a third party. In return they will process the invoices and allow you to draw funds against the money owed to your business. There is a cost and it is difficult to get out of these schemes once entered. See Debtor Days later. | Click here for Business Link Website | | Overdraft | An overdraft is a borrowing facility attached to your bank account, set at an agreed limit. Unlike a term loan, overdraft facilities may get varied at the whim of a Bank. | Click here for Business Link Website |
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