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andrewtun is asking Lord Mandelson: "Dear Lord Mandleson Why is this Government spouting hot air on the subject of 'real help for small businesses'? As a director of an SME, employing 12 people, we have approached our Bank, with whom we..." Show more »"Dear Lord Mandleson
Why is this Government spouting hot air on the subject of 'real help for small businesses'?
As a director of an SME, employing 12 people, we have approached our Bank, with whom we have banked for over 30 years, for a working capital loan, under your ( much lauded ) EFG scheme. Imagine our disapointment when we were told we were not eligible for this particular scheme, however, we could have a standard bank loan, providing the Directors offered 100% guarantee and at an interest rate in excess of 10% PA!! When is an SME eligible for the EFG?
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0 comment | Topic: Business | Email to friends | Feb 26 2009 2:58:16 PM |

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