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Small Firms' Loan Guarantee

Volume 481: debated on Monday 27 October 2008

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many businesses have been refused loans under the Small Firms' Loan Guarantee in each year since 2003. (225167)

Decision-making on individual SFLG loans is delegated to participating lenders, who firstly must determine whether each business proposition is viable, before considering if SFLG is appropriate. Following implementation of changes recommended under the Graham Review in 2005, this Department no longer makes decisions on individual loans, and lenders are provided with a web-portal to determine formal approval of the guarantee. Therefore BERR does not hold any records on businesses that have not been granted loans under SFLG.