What is the loan available for?
The MEIF Debt fund is one of four funds managed under the Midlands Engine Investment Fund (MEIF) delivered by the British Business Bank aimed at supporting SMEs, across the Midlands Engine area, with growth potential that are unable to secure all or part of the funding that they require from commercial sources.
The application and assessment process involves a number of stages: adviser supports client; due diligence; loan panel; sign-off; post approval support.
The loans are designed for all aspects of setting up a first or a new business and also grow and sustain including; managing the business, business growth and expansion including specialist support for businesses with high growth potential, investigating in plant, machinery or property, performance improvement and best practice, improving information management and also making the most of the internet/new technology.
What loan amounts are available?
Loans start from a minimum of £25,000 and go up to a maximum of £150,000
Who provides the loan?
Enterprise Loans East Midlands Limited
How to apply?
For more information please visit the scheme website HERE.
Or alternatively contact:
Name: Neil Millington