Inverclyde Council Special Intervention Loan Fund

Support provided by Inverclyde Council

What does this involve?

Inverclyde Council offers interest-free loans of between £5,000 and £25,000 repayable over 5 years to businesses that trade in the area. The loans will support sustainability, development or growth of the business.

An initial review will be carried out by a Business Gateway business adviser based in Inverclyde. If the project is suitable, you will be referred to DSL Business Finance Ltd who will then send out a full application form alongside a list of necessary supporting documentation.

Am I eligible?

Applicants are eligible if:

  • they can demonstrate that their business trades from an address in Inverclyde
  • the business has been trading for at least six months
  • they can demonstrate a need for gap funding support
  • they have attended a 1-2-1 meeting with a business adviser from Business Gateway Inverclyde

Businesses and projects are not eligible if they are:

  • involved in betting or gambling
  • operating licensed premises where the primary activity will be the sale of alcoholic beverages
  • using funds for the purchase of property for resale
  • to substitute the applicant's own funds or where commercial funding is available.
  • a loan for the purchase of personal vehicles 

What does this cost?

This is a free service. Free business advice is also provided.

Who is this for?

Businesses trading within the Inverclyde area. 

How long does this take?

After meeting with a business adviser, it can take up to 5 working days to be referred to DSL Business Finance Ltd and receive an application form.

The length of time from submission of the initial application to issue of the loan can vary. In most cases funds will be paid within 2 months. 

Important information

An initial review will be carried out by a Business Gateway business adviser based in Inverclyde. If the project is suitable, you will be referred to DSL Business Finance Ltd who will then send out a full application form alongside a list of necessary supporting documentation.

Next steps

Visit the Inverclyde Council website for more information.

Support provided by Inverclyde Council

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