Loans are available to assist with business start up costs.
You’re eligible as long as you’re a British citizen or if you have a Visa that permits you to work in England. In addition, your business plan must be viable allowing you to repay your loan during the loan period.
You’re eligible if you have either a fully-formed business plan, an existing business that’s less than a year old or even just a great idea.
You must be able to show that the loan can be repaid during the loan period.
Targeted at individuals setting up in business and those trading for up to 12 months.
• Fixed Interest Rate 6% (APR 6.2%)
• No arrangement fee
• Max repayment term 60 months
• A viable Business plan is required
• Typical example: A loan of £2,500 over 3 years with monthly capital & interest repayments of £76.05 per month.
NBV offers Start-Up Loans in partnership with NWES alongside offering business support to entrepreneurs to help start their business.