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Access to Finance: Growth Loan Fund II

Apply now for loans between £100,000 and £500,000

The Growth Loan Fund is a £30million loan fund designed to support export-focused NI SMEs demonstrating growth or strong growth potential. It is part of Invest NI’s Access to Finance Strategy and loans are typically between £100,000 and £500,000.

Loans are provided on commercial terms with pricing reflective of the risk involved.

Eligibility criteria

Businesses interested in applying:

  • Must be an SME based in Northern Ireland which can demonstrate growth potential and generally be in the manufacturing, engineering or tradable services sectors with export potential.
  • Must be able to demonstrate ability to service loan repayments from projected cashflows.
  • Cannot operate in the excluded sectors, such as coal mining, steel making, ship building, as defined by the EU Risk Capital guidelines or be a company in an insolvency process.
  • Must have an identified funding gap in a proposed investment.

Informal approaches over the telephone are welcomed to discuss the loan proposal, but in due course a business plan will be required to progress a loan application.

Find out more about the Growth Loan Fund II

Source: nibusinessinfo.co.uk

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