Businesses with up to 250 employees and up to £43 million turnover are eligible to apply
Barclays Corporate Banking launches a new cashback scheme for term loans to small and medium-sized enterprises (SME) in the UK. A £450 million support from the British Business Bank makes this scheme the largest of its kind in the country.
The Bank’s ENABLE Guarantee program will offer SMEs cashback on eligible lending, with the intention of supporting SME growth in the UK.
£450 million scheme will enable more SME term lending which meets the eligibility criteria, with companies benefiting from 0.25% cashback on eligible loans.