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Enterprise NI is the Business Support Partner delivering Start Up Loans, on behalf of British Business Bank, in Northern Ireland. A Start Up Loan is a personal loan for business purposes for a term of 1 to 5 years at a fixed rate of 6% per annum. Applicants must be aged 18 or over at the time of the application. A credit check will be completed. All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business. For more information contact Martina Crawford on 028 – 92661160 or email [email protected] |
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The NI Small Business Loan Fund provides access to finance for small businesses, sole traders and partnerships which are keen to develop their business, but find it difficult to access funding through traditional sources. Since its launch in 2013 it has now provided over £6m of loans to over 270 businesses all across Northern Ireland. Start-up businesses trading less than two years can access up to £15k whereas companies trading longer than this can apply for up to £50k. Funding can be provided for a wide range of purposes including the following: Working Capital; Plant and Machinery; Commercial Property; Start-Up and Fit Out Costs; Growth Plans and; Stock Purchases. For more information contact Martina Crawford on 028 – 92661160 or email [email protected] |
Business Finance
Loan finance may not be the only way that you can raise money to fund your business. For some businesses equity investment –
raising capital through the sale of shares in a business – may be most suitable. For others debt finance including loans, overdrafts
and asset-based finance may be more appropriate. A LEO Business Adviser can assist you make the right decision for your
business.