Access To Finance Alan King Business Gateway Monday 29 September 2014

AGENDA Scottish Borders Business Fund Scottish Borders Business Loan Fund Start Up Loan Scheme South of Scotland Loan Fund Questions

Scottish Borders Business Fund Grant Fund Available to Start Ups and Established Businesses in Scottish Borders Businesses employing up to 49 fte Up to £4,000 Intervention rate 50% Not available to Agriculture and Fisheries

Scottish Borders Business Fund Types of Projects Supported –Market Development Costs –New Business Processes –Capital Expenditure – Efficiency & Capacity –Training – capital expenditure Not Eligible: –Running Costs, –Stock –Repairs & Maintenance –Meeting statutory Requirements –Vehicles No VAT Contact – Business Gateway

Scottish Borders Loan Fund Loan Fund – Interest Free Admin Fee – 5% up to £500 Maximum of £20,000 Intervention Rate – Max of 75% Open to Existing Businesses Loan Term –Less than £5,000 – max 2 years –Above £5,000 – max 3 years –Payment Holiday up to 3 months

Scottish Borders Loan Fund Established Businesses in Scottish Borders Individual Applicants – over 18 Years Old Businesses employing up to 49 fte For Capital Expenditure – May Consider Working Capital Not for Refinancing Existing Debt Show Need for Funding & Ability to Repay

Scottish Borders Loan Fund Types of Projects Supported: –Market Development Costs –New Business Processes –Capital Expenditure – Efficiency & Capacity Contact – Business Gateway or