Does your business need funding to grow? Are you struggling to secure finance from the traditional lenders? Business Loans Scotland may be able to help.
Providing loan finance from £25,000 to £100,000 for new and growing Scottish SMEs, Business Loans Scotland (BLS) are delighted to have supported 60 businesses across 20 local authority areas, with loan funding totaling over £4 million.
Fully funded through the Scottish Growth Scheme and the European Regional Development Fund, Business Loans Scotland aims to give businesses access to funding that will support their growth and expansion plans. Whilst securing finance can be a major hurdle, particularly for small and medium sized businesses, this Fund will give businesses the opportunity to secure the finance required to realise their ambitions.
Loans may be used flexibly for a number of purposes, including working capital, purchase of plant and equipment and investing in business property to name a few. After registering an enquiry, businesses will be allocated a Loan Fund Officer who will guide them through the process, offering support and assistance where relevant. Once the completed application is submitted, BLS expect to make a decision and issue a loan offer within 4 weeks (20 working days).
Speaking of the loan finance available, Fund Manager of Business Loans Scotland, Andrew Dickson, said:
“I am delighted that Business Loans Scotland has been able to support many Scottish SMEs access the working capital they require to fulfil their growth aspirations. Our investments help to demonstrate our passion and commitment in supporting businesses to flourish in the current economic environment. I would encourage any Scottish SMEs looking for gap funding to get in touch.”
To find out more, visit the Business Loans Scotland website – www.bls.scot