Centre for Business Grant and Loan Fund - maximum of £3000
Uncategorized
Specific for start-ups, a grant and unsecured loan that can be used for capital investment or initial running costs – with a detailed explanation of how the funding will be used. Business sustainability is a key factor.
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The maximum grant is £500, and the maximum loan £3000.
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All applications must be accompanied by a business plan
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Interest will be calculated on a schedule and given to the client in advance of approval to show when the loan payments will fall, and how much they will be.
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Interest is 5% above base, the % can be higher
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Loans are fixed term for up to a maximum of 3 years
The grant and loan funding will be looked at in the context of a financial package. A Centre for Business business adviser may help the client to identify where other funding may be available.
Business Advisers will keep in contact monthly, and conduct reviews at 6 and 12 months.