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
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• 01835 825600 or [email protected]