In partnership with the Government National Loan Guarantee Scheme Barclays Bank have launched the Barclays Cashback Finance Scheme available to small and medium-sized UK businesses with an annual turnover of less than £50 million.
This upfront cashback scheme is available for term loans over £25,000 and flexible loan amounts for asset finance products. It is calculated as a 100 basis point discount on the price of the loan over the first five years. And, will provide valuable cashflow support to businesses undertaking capital expenditure projects. Barclay’s normal lending criteria applies.
Given this support falls under State Aid legislation, terms and conditions do apply around eligibility and the amount of support available varies across different business sectors.
PLEASE SEE Related documents on the right of this page for further information or click here to view Barclays Cashback Finance Scheme web page.
Barclay’s full business banking services include:
- Business Accounts (Business bank accounts, Startup accounts, Agriculture, Cards & payments)
- Banking Products (Loans, Overdrafts, Savings, Credit cards)
- Business Services (Access to finance, International, Credit management service, Online data backup)
- Starting a Business (Free start-up guide, Building a business plan, Tools to help you succeed
- Small Business Support (Seminars, Webcast library, Growing your business, Free business skills training, Workshops)