Business Start Up and Growth
Our expert team can help you determine the type of funding you require, as well as identifying where you can apply for this funding. They can also guide you through the application process which can include application forms, financial projections and/or business plans.
Starting a business can be challenging and you may need additional financial support to assist you in the early stages.
Identifying, applying for, and accessing funding is difficult.
The Start-Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.
In addition to finance, successful applicants receive 12 months of free mentoring and exclusive business offers to help them succeed. The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application. All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
You can borrow £500 – £25,000 (The average loan amount is £7,200), a fixed interest rate of 6% p.a., 1 – 5 year loan repayment term, free application support, free post-loan support and mentoring, free templates & guides, no application or set-up fees
We will provide free templates and can personally help you create your Business Plan, Cash Flow Forecast, and Personal Survival Budget to submit with your application. If approved, you will be paired with a mentor for 12-months of free mentoring.
Enterprise North West works in partners with Enterprise Northern Ireland who are the official delivery partner of Start-Up Loans, delivered on behalf of British Business Bank.
The NI Small Business Loan Fund provides access to finance for small businesses, sole traders, and partnerships that are keen to develop their business, but find it difficult to access funding through traditional sources.
You can borrow up to *£100k as an existing business and up to £15k as a start-up. Funding can be provided for a range of purposes including working capital, plant and machinery, commercial property, start-up and fit-out costs, growth plans, and stock purchases.
Since its launch in 2013, it has now provided over £6m of loans to over 270 businesses all across Northern Ireland.
* Credit is subject to status, affordability assessments and credit checks. Terms and conditions apply.