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The scheme is administered by The Start-Up Loans Company, a subsidiary of the British Business Bank, and delivered through a network of “Delivery Partners". [ 1 ] The Start Up Loans scheme's mission is to equip entrepreneurs with the tools needed to make their business a success in all industries and sectors.
Scottish Government make available funding for small and medium sized enterprises in order to help them reduce resource usage (in particular energy) and lessen carbon impacts. The Scottish Government SME Loan Fund is unsecured and interest free (loans for renewable technologies are charged at 5% due to the Renewable Heat Incentive. [citation ...
The scheme has consistently been focused on new start up and early stage businesses. From December 2006 to January 2008 the scheme was only available to businesses established less than five years. The maximum loan under the scheme was £250,000. For loans written from April 2003 the guarantee rate was 75%.
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
The first five funds supported under the scheme were launched in 2006-7 following a pathfinder competition. A further three funds were awarded ECF status in 2007. As of 1 April 2008, responsibility for the management of ECFs along with BIS's other equity funds and the Small Firms Loan Guarantee (SFLG) was transferred to a new body, Capital for ...
Tide lent over £50m to just under 2,000 small businesses under the BBL scheme but was forced to close applications in July after running out of funds. [ 38 ] [ 39 ] Tide does not qualify for the Bank of England 's term funding scheme aimed at small business lending, which enables banks to borrow cash to fund bounce back loans (BBLs) at a flat ...
A Scottish Love Scheme premieres Saturday, Jan. 13 at 8 p.m. ET on Hallmark Channel. Relatd: Get an Exclusive First Look at Hallmark Movies & Mysteries' Ms. Christmas Comes to Town starring Erica ...
Smart Scotland is a high profile innovation support grant scheme in Scotland aimed at small and medium-sized firms. It supports commercially viable projects which represent a significant technological advance for the UK sector or industry concerned.