Stockport Business Finance Scheme
Last updated 10 July 2023
3. Business loans
Loans are available from £3,000 to £100,000, with interest rates typically between 10 and 15%. Loans can be repaid over any term up to 5 years.
Stockport Business Finance Scheme loans make it easier for entrepreneurs to access finance and support. The support is what entrepreneurs need to start and grow their business, create and protect jobs and help the economy thrive.
Who it's for
Stockport Business Finance Scheme is aimed at businesses across Stockport who are unable to raise the finance they need to start up a new business or finance an existing business.
To apply you'll need to be able to demonstrate a viable business plan. It must show that the business can both meet the loan repayment and create or protect jobs as a result of the finance.
You'll also need to be able to show that you've tried unsuccessfully to obtain some or all of the finance you need from the traditional lenders.
A quick decision will be provided to the business based on the information supplied. Business Finance Solutions, who managed the scheme on behalf of us, don't credit score. Decisions are made on a judgemental basis. They're typically made between 2 to 4 weeks depending on the complexity of the loan application.
To discuss your requirements further please complete our enquiry form: