The North West Fund for Micro Loans is a source of
debt/quasi debt investment to assist entrepreneurs wishing to
start their own business and existing SMEs looking to grow. It's
targeted at businesses in the North West that require finance to
achieve their growth plans.
The Fund can lend between £25,000 and £50,000 in a single
The North West Fund for Micro Loans can co invest with other
lenders & finance providers.
Businesses must demonstrate a strong case for investment when
applying. They should provide a business plan, which must show the
business' vision for growth and its ability to service a loan.
The applicant must be able to demonstrate that the provision of
funding will assist in creating and / or safeguarding jobs.
Loans term between 3.5 to 7 years.