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Businesses 'benefit From Lending Scheme'
A government lending programme has offered a timely boost to many firms' business accounts, it has been reported. Small business minister Lord Davies points out that the Enterprise Finance Guarantee (EFG) has seen more than 8,450 companies receive state-backed financial assistance totalling more than £580 million to help boost cash flow, invest in new equipment and create jobs. Under the EFG, 84 per cent of those questioned claimed the programme has helped improve their prospects of survival. "These impressive results show the government is providing real help to businesses when they need it, helping to secure jobs and give businesses the capital they need to invest and grow," he states. However, those looking to fund further growth may want to consider taking out business credit cards or seek out competitive business bank accounts in order to make the most of their money. Such news comes as a recent study by Lloyds TSB Commercial revealed that the balance of firms expecting orders, sales and profits to increase over the next six months stands at 16 per cent, the highest score seen for two years. Article Directory: http://www.articledashboard.com UK Price Comparison website which4u.co.uk Compares a range of financial products including best isas plus business accounts to help you to find the best personal and business banking products |
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