Scottish Microfinance Fund
The Scottish Microfinance Fund (SMF) is available to both new and established businesses, with the prime objective of supporting enterprise in Scotland:
- Loans from £500 – £25,000
- Competitive Interest rates of 6% per year
- No admin or early repayment fees
- No hidden charges
The fund is delivered by DSL Business Finance on their website. New and existing DSL Business Finance clients will also receive free registration to become a member of the Federation of Small Businesses (FSB).
Business Loans Scotland
Business Loans Scotland (BLS) aims to ensure that good, commercially viable proposals do not fail through a lack of access to finance.
They can provide, up to a maximum of £100,000, loan finance to small to medium sized enterprises in North Ayrshire.
Loans are typically awarded for:
- working capital
- purchase of plant and equipment
- purchase of business property
Loans are usually fixed at 6%, with terms of up to 5 years, and with no admin or set up cost.
BLS supports legally formed and trading businesses such as:
- limited companies
- partnerships (including Limited Liability Partnerships - LLPs)
- sole traders
- social enterprises
Any North Ayrshire businesses approaching Business Loans Scotland will receive support and guidance throughout the process from their Business Gateway, or Business Growth Adviser.
Visit the Business Loan Scotland Website to find make an enquiry, or find out if you are eligible for a loan.
Visit the Community funding page for information on how your community or voluntary group can access financial support.
Find out more information on government funding opportunities or get in touch with North Ayrshire Council Business Development/ Business Gateway
Telephone: 01294 449944