FAQs

Q - Who can apply for a loan ?

A - The loans are available to any form of business from sole traders to Ltd companies, apart from retail establishments whether bricks and mortar or web based  and also to any form of social enterprise. See Terms and Conditions in "Our Services" for details.

Q - How long can I have the loan over ?

A - This depends on what the funds will be used for. If it is for a capital asset it would be for less than the useful life of that asset. If it is for cash flow then we will try and tailor our loan with regard to the projected cash generation of the business.

Q - How much do I have to put towards the project ?

A - There is no specific amount we would expect to see, however, we would expect the applicant to be fully committed to the project.

Q - Is security required?

A - Many of our loans are unsecured, but each case is assessed on its own merits.

Q - Are there any charges if I repay early ?

A - No.

Q - How much can I borrow?

A - The minimum loan is £10,000 and the maximum is £50,000.

Q-  Are any sectors excluded ? 

A - Yes - unfortunately due to restrictions imposed by our funders we are unable to assist with retail applications. 

Q- How do I apply ?

A - Easy! Just complete the information on the "How to apply" page and get it off to us asap.

Q - What is the process ? 

A - Once a full application is received one of our Loan Managers will assess the case. If further information is required before progressing then the client will be advised as soon as possible. At the next stage the Loan Manager will interview the client to get a full understanding of the applicant and the business. The asssesment process should be completed within 28 days.