Loans are available for new and existing businesses and social enterprises that are located in Scotland.
The minimum loan value is £1,000 and the maximum loan value is £50,000.
The maximum term for this loan is five years with a fixed interest rate worth between 6% and 9%. There will be a 2% administration fee and no early settlement penalties.
DSL is a Responsible Finance Provider and a member of the Responsible Finance Industry. DSL provides business start up and growth loans for small businesses and social enterprises that are unable to secure funding from banks and other traditional sources and/or require match funding for a public sector loan/grant.
The purpose of this scheme is to help businesses to grow and establish themselves via access to low cost finance options, with DSL offering support throughout the duration of the loan period.
Interested parties should note that some sectoral restrictions may apply.
This loan is intended for new and existing businesses and social enterprises that are located in Scotland.
Loans are considered private sector finance which means that it can be delivered as a stand alone loan or be used to secure match funding via public sector agencies.
The funds can be used for any legitimate business purpose eg stock, equipment, marketing, working capital etc.
The only restriction is that it cannot be used to repay existing debt.