BizSale Small Business Blog. Small businesses for sale.

If you have been suffering from cash flow problems during this credit crunch/recession then you may have tried to gain a loan from your bank under the Enterprise Finance Guarantee (EFG) scheme, which started in January.

Don’t worry if the bank manager rejected your request – he needs to adjust to the idea of providing loans to keep businesses ticking over, under the EFG scheme.

Where bank managers would normally be asked to provide a loan for a small business to expand, during an economic downturn a business’ first priority is to survive!

Under the scheme, businesses with revenues of less than £25m can take out a loan of up to £1m for a maximum of ten years, of which the Government is guaranteeing 75% of the value.

A mere 8% of 4000 small businesses have been able, so far, to utilise the scheme.

A source from the Department for Business, Enterprise and regulatory Reform has reportedly said they are monitoring usage of the scheme at banks to make sure it is running smoothly.

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RBS are reportedly pondering on whether to put up 1000 of its pubs for sale, although they are refusing to comment publicly on the topic.

The pubs in question are all managed by Scottish & Newcastle Pub Enterprises. Word has it that RBS are scouting about for a cash-rich pub chain operator or property company. Scottish & Newscastle themselves are believed to be thinking about the purchase, although they are similarly tight-lipped.

Anyone with cash and hankering to own a chain of pubs may well find that this low in the market is the perfect time to buy.

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