The factoring company Venture Finance plc, which provides loans under the government’s Small Firms Loan Guarantee Scheme, has extended the facility to include start ups. Originally Venture Finance launched the scheme for companies with a minimum annual turnover of Ј1m. The scheme is available alongside factoring and invoice discounting.
In the six months ended September 2000, Venture Finance had lent Ј690,000, making them the ninth largest lender under the Small Loans Guarantee Scheme in the UK.
