National Loan Guarantee Scheme

A New National Loan Guarantee Scheme was launched yesterday by the Treasury for small businesses with a turnover of less than 50m.

Businesses taking out a NLGS loan to receive a 1% discount compared to the interest rate they would otherwise have received outside the scheme. Please see link for details of the scheme:

Barclays bank are offering a new Barclays Cashback Finance Scheme, which has been launched following the Governments National Loan Guarantee Scheme.   They offer upfront cashback , calculated as a 1% discount on the price of the loan, over the first 5 years (or duration of loan term if less than 5 years).  This is available for some business loans and Commercial Mortgages over £25,000.

Further details of Barclays cashback are available via their webpage: