Delivered by the British Business Bank and 22 participating lenders in Northern Ireland this Scheme will support loans of up to £5 million in value. The scheme will support loans (including Term Facilities, Overdrafts, Invoice Finance and Asset Finance) of up to £5m. Businesses can access the first 12 months of that finance interest free.
Government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs.
You are eligible for the scheme if:
- Your business is UK based, with turnover of no more than £41 million per annum.
- Your business meets the other British Business Bank eligibility criteria.
To access this scheme talk directly to your bank or finance provider
Further information will be provided as it becomes available