Business Growth Loans

Offer funding from £25,000 to £150,000 aimed at supporting business expansion and operational growth in Sussex, Kent, Surrey, Essex, Hampshire, Berkshire, Suffolk, Cambridgeshire, Hertfordshire, Norfolk, and surrounding areas in the UK.

Objectives:

• To provide accessible finance for business growth, including cash flow management, marketing, staffing, and asset acquisition.
• To support businesses unable to secure mainstream bank financing by acting as a Community Development Financial Institution (CDFI).
• To enable scaling up and achieving business visions through tailored loan solutions.

Target Beneficiaries:

• Businesses over 24 months old, with consideration for earlier stage businesses.
• Businesses in the South East and East of England regions including the specified counties.
• Entrepreneurs and businesses that have been unsuccessful or are unlikely to secure traditional bank loans.

Key Features:

• Loan amounts ranging from £25,000 to £150,000.
• Maximum loan term of 6 years.
• Loans can be used for various business purposes such as cash flow, marketing, staffing, and purchasing new assets.
• Accredited lender under the British Business Bank’s Growth Guarantee Scheme.
• Personalized underwriting approach considering all aspects of the business and its growth vision.
• Additional support through credit brokerage if the loan product is not suitable.

Application Process:

• Businesses can check eligibility online.
• Application involves assessment to determine the most suitable loan type (own Business Loan or Growth Guarantee Scheme loan).
• The lender works closely with applicants to understand their business and growth plans.
• Contact and enquiry options are available for guidance and support throughout the application.

This funding program is designed to empower businesses in the specified UK regions to access vital growth capital with flexible terms and supportive underwriting, especially targeting those underserved by mainstream lenders.