What is a Small Business Loan?
The Northwest Small Business Loan scheme provides small loans of between £3,000 and £50,000 to new and growing social enterprises. So, if you are already running or looking to start a charity; association; social enterprise or a not-for-profit organisation then we may be able to help.
Our aim is to encourage social enterprise and make it easier for more people to start up and grow their own businesses, creating jobs and contributing to the success of the Northwest’s economy.
You’ll need to prove that you’ve tried to obtain funding from elsewhere and been rejected, either fully or partially, perhaps due to a poor credit score, lack of security, insufficient track record or plans that traditional lenders consider to be too risky.
As long as you’ve got a workable business plan, with the potential to turn your ideas into reality and create new jobs – even if it’s just one or two – you could apply for a Small Business Loan
