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Extended scheme gives CDFIs chance to make more loans
By Mathew Little, Third Sector Online, 7 February 2008
Community development finance institutions will be able to make more loans in poorer areas thanks to an extension of the Government's Small Firms Loan Guarantee scheme.
Three CDFIs – the South West Investment Group, Foundation East and the Bradford Enterprise Agency – have become approved lenders for the scheme, which provides a 75 per cent government guarantee where the borrower is unable to give security. “The Small Firms Loan Guarantee is important because it’s a new...
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