Loan scheme to assist businesses with the potential to grow and create or safeguard jobs in the South West of England. Not to be confused with other South West Regional Growth Funds, this particular South West Regional Growth Fund is provided by SWIG Finance and has been made possible in the South West with the support of Lloyds Bank Commercial.
The aim of this scheme is to assist businesses with the potential to grow and create or safeguard jobs. The scheme is available to small and medium sized companies in the following areas across the South West.
The main terms of the scheme are:
• Loans between £10,000 and £100,000
• Maximum five year term
• 12% fixed interest
• Arrangement fee of 3% payable on draw down
• Company debentures and unsupported personal guarantees required
Enterprise Finance Guarantee Scheme will be considered where appropriate. There is no specified requirement for match funding. Applicants should contact the provider direct to discuss any additional criteria or deadlines that may apply.