Access To Finance

Alan King

Business Gateway

Monday 29 September 2014

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 info@bgborders.com