SFLG or rather known as the Small Firms Loan ... Scheme - it is built upon the basis that ... via the DTI will ... the majority of the loan 75% and the bank will expose itself to 2
SFLG or rather known as the Small Firms Loan Guarantee Scheme - it is built upon the basis that Government via the DTI will underwirte the majority of the loan 75% and the bank will expose itself to 25% of the same. Howver, get your hands on the funds is not only proving very protracted but it appears they do not tell you all you need to do to secure the funds. When the DTI told the bank they are willing to underwrite the loan of £100,000 they did not tell me they needed a due diligence exercise or life cover for me - life cover which became very silly indeed, the banks Financial Services Arm did not want to provide funds without this insurance and they wanted it written up as male with hiked up premiums (feeling of being scammed?) Having formerly complained we are now trying to get the external accountants doing the Due Diligence exercise to actually do it? It has been nearly a year meanwhile the exisiting company is losing ground whilst we wait for the bank to do its thing. However we managed to get our e-commerce website up and running but unable to do very more than this without the funds in place. It appears that the government loan with one hand and pull it back with the other. If the deal is not completed by the end of this month I am pulling the plug, been going on for too long. So be warned SFLG is not easy and can get very complicated if you are different in some way form the norms of our society (what is that norm?) Visit our website at www.ics-resources.co.uk and www.ICSUK.com we look forward to hearing from you
Started my career as an electronics technician stayed in the field for ten years then moved into telemarketing and telesales then onto Communications. Is a Fellow if the Insitute of Direct Marketers and previously held Associate membership to the Chartered Institute of Marketing. Currently applying for an SFLG Loan to buy the company she works with. Gender re-assigned in 1985 and has seen many changes over the years
