The business has been unable to obtain all the necessary finance required from personal or normal commercial sources. Funds are available for working or fixed capital. Funds are NOT available to fund past depts. The viability of the project is demonstrated in a detailed business plan. Business counselling and training to help you improve your management skills will be available as required to assist with the ongoing development of the business.
Application are over eighteen years of age.
Generally loan will be unsecured. Once we are happy that your idea meets our eligibility criteria an application form will be issued for completion and return together with your business plan. Details of aims and objectives, supported by market information. Details of finance required. Once the business plan has been fully developed, a full appraisal will be made and a recommendation will be made to the Loan Fund Panel.