The Small Loan Fund backs small businesses with big plans. The Fund can support a wide variety of growth plans and typically advances loans of between £10,000 and £50,000 to support actively trading North East businesses. Businesses with a limited trading history are also eligible for support where a clear route to generating sales in the short term can be demonstrated.
Repeat financing or co-financing with other funders to support plans requiring a larger amount can also be arranged where appropriate. Funding is typically provided on an unsecured basis without the need for Director’s Guarantees.