Loan Funds
The Loan Fund is available to all small businesses, in each of the 26 District Council areas in Northern Ireland. The aim of the fund is to make funding more accessible to those starting or operating a small business and in support of the loan, to provide advice on cash-flow and other business advice.
The Loan Fund offers:
- Unsecured loans of up to £25,000 for start-up and existing businesses
- Free help with developing a viable business proposal from an accredited business advisor
- Gap financing to complete a funding requirement
- Repayable over a maximum of 5 years
- Attractive fixed interest rate
- Ongoing business support
Applicants must be able to demonstrate a viable business proposal to support the loan.
Who is eligible to apply for a loan:
- Applicant must be 18 years of age or over, there is no upper age limit
- The business must be legal, moral and non-discriminatory
- It must be commercially viable
Applicants must be unable to access normal means of finance and have access to an active bank account
Complete and submit the on-line application form and a member of our Business Advice Team will in contact.
If you have any queries please contact us on 7962 8113 or email info@workspace.org.uk.