Business Loan Scotland look to fund Midlothian and Borders based business
Business Loans Scotland is a consortium of Scotland’s 32 local authorities. It offers gap funding up to a maximum of £100,000 to SMEs across Scotland where public sector funding (including Business Loans Scotland’s contribution) would not exceed 50% of the total funding package.
Businesses from a range of sectors (including manufacturing, construction, transport and distribution, tourism and tourism infrastructure and software), are eligible to apply for support. Loans may be used for working capital, purchase of plant and equipment, and for the purchase of business property.
It will be managed in the railway catchment by the respective local authorities’ economic development teams and delivered via Business Gateway. This will enable applicants to the fund to also benefit from the full range of additional business support services available, both prior to, and during and after, their loan application.
Scottish Borders BG have already approved their first loan (£90k) to a local company and you could be next! Apply here.