What is the loan available for?
These loans are designed to help SMEs think about managing cashflow and working capital, exporting goods abroad, labour, supply chain management, and broader issues of preparedness.
This fund is intended for SMEs at several stages of growth and development. It includes a range of business lending services to participating UK businesses (subject to application and status) including:
- Business loans, commercial mortgages and overdrafts up to £250k working capital
- Cash flow funding for investment in growth, management buy-outs and business acquisition
- Loans for innovative businesses looking for growth funding, capital and environmental investment
- Maximising government schemes like The Enterprise Finance Guarantee programme, which is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy
Any eligibility criteria?
You must be small or medium sized business with a turnover of £0-£25 million.
How to apply?
Find out more information on how to apply by clicking HERE.