In case you had not noticed there is a new lender in the North East. No not a new Bank. Rivers Loan have taken over the North East Micro Loan Fund as it has just been extended with a further £2.5m by North East Finance.
Aimed at new and existing small businesses or SMEs, we are now supporting 300 plus businesses who have accessed a loan from the Fund. The Fund is open for business and we are working from Newcastle and our new Middlesbrough office meeting businesses and accepting applications.
The process is simple and we have set ouselves a target of making the loans within 2 weeks of reviewing an application, details can be found on the "About the Fund" section of this website, or give us a call. In brief, the loans are from £1,000 to £25,000 and in some cases up to £50,000 for businesses in the region, carry a fixed interest rate and a 3 year term.
The loans are available for all, subject to some eligibility criteria, details on this website. We are particularly keen to hear from anyone who has had difficulty securing cash from the Banks as we may be able to help.
Lastly, we have also included a FREE workshop for applicants to help them build their business, watch this site for details of these and case studies of successful lending !
To access a Loan today call 0191 230 6370