Looking for Finance?
Need more information?
Advice and Support
Visit Business Link Northwest to access independent advice and guidance on the best support for your business.
Alternatively call
0845 0066 888
to speak to an advisor
Loan Fund
Loan funding of £50,000 to £250,000 is available for innovative, viable small and medium sized enterprises seeking debt finance, specifically those finding difficulty in obtaining development capital from traditional sources. It should be noted this funding is not offered in competition with conventional providers of development capital, who should be the first port of call in any funding round.
This is a targeted measure: successful applicants will have a clear vision for growth or innovation articulated in their business plan, and must demonstrate the ability to service the loan.
What is the interest rate and payback period?
- Interest rates will be on commercial terms so as to generate a return commensurate with the level of risk in each lending proposition. Companies will be allowed to repay the loan over a period of up to four years.
- Capital repayment holidays and other flexibilities (e.g. interest roll up) will be allowable at the Fund Manager's discretion.
- Business assets will be taken as security at the Fund
Manager's discretion, where possible. This would not generally
extend to charges over individuals' private residences; however
personal guarantees may be required. If security is not taken, this
fact will be reflected in assessing the "commercial" rate
of interest to apply.
If you have any queries about this scheme please contact
Business Link Northwest on 0845 00 66 888
