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.

The fund is managed by NEL Fund Managers.

More information
E: enquiries@nel.co.uk.
T: 0345 369 7007
www.nel.co.uk