The Small Firms Loan Guarantee
Unsecured Finance supported by the DTI
from
15k to 250k
Many firms are totally unaware that for eligible companies the DTI (Department of Trade and Industry) are supporting ‘unsecured’ loans for start ups as well as established companies less than 5 years of age have the ability to secure a facility between 15-250k pounds. The money can be used for:
- Working Capital
- Business Development
- Asset Purchase
- Acquire a franchise
- Acquire another business
This type of lending is ideal if you lack the collateral
required by your bank and or if your personal securities ar unavailable.
We ensure that you and your business is 100% eligible for this type of lending before we accept you as a client.
A full business plan is required; we help you through all the stages of the business and financial plan development. We make the application with you and hand-hold you through the complete process.
The details of the loan
- Term: 3-10 Years
- Interest Rate:
Bank Dependant but between 8-10%
- We can organise a capital repayment holiday for the first 12 months
- You do not need to draw the full loan all at once
- Only pay interest on the amount that you draw
- You can top up your loan (based on eligibility at each stage) to 250k
NO PERSONAL GUARANTEES OR CHARGES OVER YOUR HOUSE
NON Eligible Companies
- Property & Land Investment
- Sports Agents
- Commission only ventures
- Forestry
- FSA related or financial service companies
Our fees are primarily success based so that you can be sure that we will be working hard to a satisfactory conclusion.
To find out if you are eligible for this type of lending please fill in the contact form. |