Business Loan Fund
Last Updated: 09 Nov 2023
Contents
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South of Scotland Enterprise
What does this involve?
South of Scotland Enterprise loans can be used by businesses in Dumfries and Galloway and the Scottish Borders to finance business growth, capital expenditure and innovative projects.
The fund offers loans of between £50,000 and £500,000, typically over a term of 3 to 5 years.
The loans can be used to fill funding gaps in projects that aim to grow the business and commercialise new ideas. These projects should help support the sustainability of the business and inclusive growth.
Businesses from any sector can apply.
Am I eligible?
Businesses from any sector can apply.
To be eligible, businesses must:
- be located in Dumfries and Galloway or the Scottish Borders
- be registered at Companies House
- have been trading for at least 2 years
- be profitable
- turn over a minimum of £100,000
- show that they support fair work practices
- show that they are transitioning to net zero
What does this cost?
There is no cost to apply.
You will need to repay the loan at a fixed interest rate, which is a minimum of 8%.
Who is this for?
Businesses located in the south of Scotland.
How long does this take?
This will depend on the nature of your loan request and the review process. South of Scotland Enterprise will evaluate your application and make the lending decision.
Important information
The fund is open to applications from Monday 2 October 2023. It will continue until all funds have been distributed.
Next steps
Visit the South of Scotland Enterprise website for more information and to apply.
Support provided by
South of Scotland Enterprise