The Enterprise Finance Guarantee Scheme (EFG), the Government-backed loans initiative for small and medium firms, has been bolstered with news that four new lenders have been accredited to the scheme. The Government has also announced that additional lenders will be invited to apply for accreditation from 1 March. The four new accredited lenders for EFG, under which the Government guarantees 75% of loans, are Metro Bank, Hull Business Development Fund, Black Country Reinvestment Society, and Merseyside-based MSIF. Fifty organisations are now offering loans under the scheme, including major high-street banks Lloyds TSB, NatWest, Barclays, RBS and Santander Corporate Banking Business and enterprise minister Mark Prisk said: “The Government has committed to guaranteeing £2bn of loans over the four years to April 2015, and we are now opening another accreditation round to encourage even more lenders to offer these loans. The scheme has already supported more than 16,000 businesses and we can support many more.” Since November EFG has been available to businesses with up to £41m annual turnover, seeking up to £1m worth of loans.