Boost for small firms
15th August 1981, Page 8
15th August 1981
Page 8
Page 8, 15th August 1981
— Boost for small firms
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THE Small Firms Loan Gu antee Scheme has been tended to Northern Ireland.
Under the scheme, the G ernment will underwrite t major portion — up to 80 cent — of the risk on loans of to £75,000, this guarantee be9 reflected in a small increase the rate of interest charged.
It is hoped that the sche will help foster new enterpris and assist small companies w wish to build on initial succe but where collateral for fun borrowing is exhausted.
Clearing banks in Great Brit have been operating the sche since June 1; and anyo seeking further details shou contact their local branch of t Allied Irish, Bank of lrelan Northern Bank or Ulster Bank, use Freefone 2444 to contact t Department of Commerce.