Stockport Business Finance Scheme
4. Export finance
Loans are available which range in value from £3,000 to £250,000 with the following criteria:
- Term: Up to 5 years
- Security: Personal Guarantee
- Interest rate: between 8% and 15% per annum
- Fees: 2% set-up fee (monitoring fees may apply)
- Bank Decline: Yes
The Greater Manchester Export Fund (GMEF) is a programme of financial support designed to help SME businesses, across the ten local authorities in Greater Manchester, to significantly increase export sales.
Who it's for
Aiming to assist businesses in Stockport looking to trade overseas for the first time or expand their current levels of trade. Applicants have access to a team of International Trade Advisors through DIT if appropriate to develop their export strategy and advise on grant and loan options.
Support is targeted at SMEs who, due to their lack of export history, small scale or perceived high-level of risk, cannot access export finance from other sources.
Loans provided can be used for working capital or as cash support to enable clients’ bank to issue tender bonds, advanced payment guarantees or performance bonds.
To discuss your requirements further please complete our enquiry form: