The North East Microloan Fund has £1m to invest in 2016 to support start-ups and small businesses looking for simple loans to expand their operations in the North East.
The Fund is committed to providing straightforward loans to local businesses anywhere between £1,000 and £25,000 with the potential in exceptional cases to go to £50,000.
Working to help any eligible business but specifically aimed at businesses that have been struggling to secure mainstream finance with the purpose of stimulating the creation of new business and securing jobs within the North East.
The Microloan Fund differs from sources of mainstream finance by focusing upon the quality of your business model and the dedication of your team rather than the assets you hold.
With a strong commitment to stimulating new business the Fund’s portfolio has successfully created and safeguarded over 1200 jobs in the region.
As managers of the Fund, Rivers Capital strive to take the entrepreneurs position. We know that the ‘next big thing’ can have the smallest beginnings. Our experiences as entrepreneurs mean we do things differently. Like you, we are interested in your success.
The Fund has a rapid but helpful application process so just contact us to access this lending. To apply to the North East Microloan Fund please call 0191 2306370 or email [email protected] to speak to a member of the investment team today.