A programme to provide small loans to UK based SME's to access growth opportunities.
The programme provides small loans from £3,000 to £500,000 to be re-paid within an agreed timescale. Repayment is customised to the business cash flow model.
The aim of the programme is to provide small business loans to SME's to assist with accessing opportunities for growth.
The programme offers an alternative to traditional business loans and is not dependent on credit scores.
Although there are no restrictions stipulated in the programme, applicants are advised to contact the funding provider to discuss exclusions.
Any SME can apply for a loan provided the business is currently growing or has growth potential and has been in business for a minimum of nine months.
Funding can be provided to any of the following businesses and is not an exhaustive list:
- Beauty salons.
- MOT services/garages.
- Retail stores.
- Dental practises.
- Nail salons.
Match funding is not a requirement of this programme.
Funding can be provided for the following growth opportunities:
- Purchasing inventory.
- Expansion and re-modelling.
- Equipment upgrades.
- Marketing and advertising.
- Cash flow.
Applications are accepted to the programme on a rolling basis.
Link to guidelines:
Applicants can apply to the programme via the website. A decision will be made within five working days.