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Published byStanley O’Brien’ Modified over 9 years ago
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Access To Finance Alan King Business Gateway Monday 29 September 2014
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AGENDA Scottish Borders Business Fund Scottish Borders Business Loan Fund Start Up Loan Scheme South of Scotland Loan Fund Questions
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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
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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
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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
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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
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Scottish Borders Loan Fund Types of Projects Supported: –Market Development Costs –New Business Processes –Capital Expenditure – Efficiency & Capacity Contact – Business Gateway 01835 825600 or info@bgborders.com
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