It is available to businesses with a turnover of up to £25m which are between 3 months and 10 years old. Loans of between £1000 and £1m are available through 26 lenders until the end of March 2010.
The Department for Business, Innovation and Skills says the EFG "can be used to support new loans, to refinance existing loans where the loan is at risk due to deteriorating quality of security, or to convert an existing overdraft into a loan to release capacity to meet working capital requirements".
More information on the scheme can be found here:
