The accreditation will allow the invoice finance specialist to increase its supply of invoice and asset-based finance to viable SMEs struggling to obtain funding.

The EFG programme provides lenders with a government-backed guarantee of 75% of the outstanding balance of eligible facilities, allowing them to broaden their reach to smaller businesses which may have been outside their normal credit appetite. 

Since its launch in 2009, the scheme has supported the provision of more than 29,000 business loans to a value of over £3.1bn.

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Calverton has been accredited for both the term loan variant and invoice finance variant of the EFG scheme. 

Mark Byrne, managing director at Calverton, said its aim was to make advances to new and existing clients who have a growing need for cash flow assistance.

“Being an accredited provider under the EFG programme will enable us to offer additional advances through either a short-term loan facility – with a capital repayment schedule – or a top-up revolving credit facility.

“We pride ourselves on supporting owner-managed businesses by providing a solution to their cash flow requirements, and adapt what we do to suit each client’s particular and specific needs. 

“With the EFG programme, this will substantially increase the help we can provide, giving our clients more choice when it comes to funding their business.”