Comments on: Enterprise Finance Guarantee scheme – spinning out of control? http://www.smallbizpod.co.uk/blog/2009/07/13/enterprise-finance-guarantee-scheme-spinning-out-of-control/ The small business blog of SmallBizPod - inspiration and practical advice for entrepreneurs Tue, 25 May 2010 08:40:52 +0000 hourly 1 http://wordpress.org/?v=3.0 By: icon Limited http://www.smallbizpod.co.uk/blog/2009/07/13/enterprise-finance-guarantee-scheme-spinning-out-of-control/#comment-151807 icon Limited Sun, 29 Nov 2009 19:03:13 +0000 http://www.smallbizpod.co.uk/blog/?p=2860#comment-151807 my limited liability company took a 100k loan in 2003.In July my closed the store to relocate to a more affordable site.With our overdraft 36k in debit and an outstanding of 19k on our loan which at time was taken under the Small Firms Loan Guarantee Scheme (DTI).Our bank are now insisting to put a charge on my family residence before they will even consider putting the company on the new Enterprise Finance Guarantee Scheme.Our home is owned jiontly with my wife who does not agree to this risk. my limited liability company took a 100k loan in 2003.In July my closed the store to relocate to a more affordable site.With our overdraft 36k in debit and an outstanding of 19k on our loan which at time was taken under the Small Firms Loan Guarantee Scheme
(DTI).Our bank are now insisting to put a charge on my family residence before they will even consider putting the company on the new Enterprise Finance Guarantee Scheme.Our home is owned jiontly with my wife who does not agree to this risk.

]]> By: Alex Bellinger http://www.smallbizpod.co.uk/blog/2009/07/13/enterprise-finance-guarantee-scheme-spinning-out-of-control/#comment-151530 Alex Bellinger Wed, 15 Jul 2009 18:36:02 +0000 http://www.smallbizpod.co.uk/blog/?p=2860#comment-151530 It'll be fascinating to see to what extent policy and spending priorities change when the Tories get elected. Doug Richard's report for them 18 months or so ago was pretty radical ... although not quite as your Martyn ;) It’ll be fascinating to see to what extent policy and spending priorities change when the Tories get elected.

Doug Richard’s report for them 18 months or so ago was pretty radical … although not quite as your Martyn ;)

]]> By: Martyn http://www.smallbizpod.co.uk/blog/2009/07/13/enterprise-finance-guarantee-scheme-spinning-out-of-control/#comment-151529 Martyn Tue, 14 Jul 2009 07:49:33 +0000 http://www.smallbizpod.co.uk/blog/?p=2860#comment-151529 >>Straight talking about late payments.<>Straight talking about cash-flow.<>Straight talking about the cost of legislation.<> And straight talking about lending.<< Marginal businesses will be in trouble - but that is a market system... the survival of the fittest and all that. Tough, but hey, that's capitalism! Basically it would be better to abolish BERR and the RDAs, business link UKTI etc etc etc and pass the savings in a cut in employers NI to any business defined as 'small'. Amongst other things.... M >>Straight talking about late payments.<>Straight talking about cash-flow.<>Straight talking about the cost of legislation.<> And straight talking about lending.<<
Marginal businesses will be in trouble – but that is a market system… the survival of the fittest and all that. Tough, but hey, that's capitalism!

Basically it would be better to abolish BERR and the RDAs, business link UKTI etc etc etc and pass the savings in a cut in employers NI to any business defined as 'small'. Amongst other things….

M

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