Tuesday 2 October 2018,

North Tyneside Business Centre, Saville Street, North Shields, NE30 1NT

11am – 2pm, 30 minutes slots

NELs funding clinics are designed to provide you with quick answers to your funding questions and all of the information you need to finance your plans for growth.
Features of the Small Loan Fund managed by NEL Fund Managers
• Aimed at small businesses who wish to finance plans for growth
• Loan is typically provided in the form of unsecured debt, without the need for Director’s Guarantees
• Loans from £10k – £50k are typically available
• Repayment term: up to 5 years (usually 3, 4 or 5 years). Repayment starts the month after drawdown
• Interest rate is determined following an individual assessment of risk
• The Small Loan Fund has the ability to support a variety of growth plans e.g. new equipment, tools, vehicle(s), marketing, cash-flow, increased staffing etc. The Small Loan Fund can’t be accessed as a means of refinancing existing debt
• Suitability of business for investment is considered on an individual basis with great attention given to ensuring the debt can be serviced within the cash-flow of the business

 

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