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Business Loans: £15k to £150k

Finance Yorkshire provide loans ranging from £15k to £50k for early stage businesses, £15k to £75k for established businesses and from £15k to £150k for established and profitable businesses.

Finance Yorkshire business loans are available for a wide range of purposes including working capital, expansion projects, commercial premises and asset acquisitions.

We typically do not require business or personal assets to be provided as security for our loans but we may require a personal guarantee.

We can help your business if you are:

  • An SME* paying business rates in the Yorkshire and Humber region or those wishing to re-locate .
  • An early stage, established or growing business
  • A manufacturing or service sector business
    (some restrictions apply)
  • A revenue generating business which can demonstrate the ability to service the proposed loan repayments from the outset
  • A business with growth potential
  • And you have a gap in funding where conventional sources of finance are insufficient or unavailable.

Example business loan deals:

  • Commercial Premises - (deposit, costs of moving, improvement)
  • Asset Purchase - (deposit, tooling, bespoke equipment)
  • Acquisitions - (purchase, goodwill, professional fees, working capital, contingency)
  • Working capital - (additional requirements, factoring/ID support, international trade, relocation)
  • Expansion projects - (increasing sales, new contracts)
  • Early stage - (all of the above considered)

Business loan details:

Loan amount
(Early stage):		 £15k to £50k
Loan amount
(Established):

£15k to £75k
Loan amount
(Established and profitable businesses):

£15k to £150k
Early repayment penalty: None
Interest rate rebate: Sliding scale of interest rates - see below
Personal guarantees: May be taken in certain circumstances

Interest Rates

The gross interest rate charged on all loans provided by the Small Business Fund is 12% fixed.

Rebates will be based on the following risk categories:

  • Established and profitable - 6% rebate/net 6%.  Established and profitable is defined as five years trading with last three years profitably.
  • Established - 4% rebate/net 8%. Established is defined as three years trading.
  • Early Stage - 2% rebate/net 10%. Early stage is defined as trading for less than three years.

Interest rebates are at the discretion of the Fund and are subject to conditions.

How to apply

1. Check your eligibility and send an enquiry

  • Use our online enquiry form to check your eligibility and send a summary of your business and your funding requirements to Finance Yorkshire.

2. Finance Yorkshire will contact you

  • A Finance Yorkshire investment manager will contact you to discuss your application, and provide any guidance you need to fill out the application form.

3. Submit a detailed application form

  • When you are ready to submit an application download our application form (MS Word 264KB). Complete all required information and send it by post to Finance Yorkshire at the address on the form.

If you have any questions about making an application phone us on 0845 649 0000 or email info@finance-yorkshire.com

*A Small or Medium-sized Enterprise (SME) is a business employing less than 250 employees, with an annual turnover of less than 50m Euros or balance sheet net assets of less than 43m Euros. The business cannot be part of a larger group employing more then 250 employees where the group owns at least a 25% share of the business.

**Exceptions - Finance Yorkshire cannot invest in the following: re-financing existing commercial borrowings, failing businesses, expansion finance in medium sized businesses (50 – 250 employees) in non assisted areas (We are working to reverse this last exclusion but this may take up to six months. If this exclusion is likely to affect you, please talk to us).