Seedcorn Finance and Equity Linked Finance are also available. See the Finance Yorkshire website for details.
Loans for early stage businesses and established and profitable businesses
This scheme provides loans for businesses who haven’t been able to get funding from traditional sources.
Finance Yorkshire business loans are available for a wide range of purposes including working capital, expansion projects, commercial premises and asset acquisitions.
Loans are available from £15k to £50k for early stage businesses, £15k to £75k for established businesses and £15k to £250k for established and profitable businesses.
Businesses that are eligible must be:
- a small or medium-sized enterprise paying business rates in the Yorkshire and Humber region or those wishing to relocate
- an early stage, established or growing business
- a manufacturing or service sector business
- a revenue generating business which can demonstrate the ability to service the proposed loan repayments from the outset
- a business with growth potential
- have a gap in funding where conventional sources of finance are insufficient or unavailable