Looking for a Loan?
There is a whole range of finance available to growth businesses and we can work with you to identify the best route for you to take.
It can be complex understanding what finance option is most appropriate for you and how you can maximise what you are able to access, so speak to us before you make a decision.
If you are eligible for a business loan we can help you to make a strong application and we have good connections with all local funders. If it’s an accountant or tax advisor you need, we know our local market so we can route you to appropriate contacts in our local area, just give us a call.
Current Business Loans
Business Enterprise Fund
Unsecured business loans up to £250,000
- Terms up to 10 years
- Finance for cash flow, asset purchase and business growth and development
- Flexible and personally tailored
- No early repayment fees
- Personal guarantees required
Secured business loans up to £150,000
- Terms up to 15 years
- Finance for premises, plant and machinery, stock and acquisitions
- Can be tailored in conjunction with existing arrangements
- No early repayment fees
- Tangible security required
Tees Valley Catalyst Fund
The Tees Valley Catalyst Fund is a £10m fund which helps ambitious businesses bid for new contracts by providing short-term loans.
The fund can provide businesses with short-term loans from £100,000 to £2 million to finance contract-related bonds including:
- Performance bonds
- Warranty bonds
- Advance payment guarantees
Businesses can use these to help bid for new contracts, repaying once the contract is delivered or the warranty period has expired.
The loan is used as cash security and deposited with banks to enable the issue of an advance payment guarantee, performance and/or warranty bond.
FW Capital manages the fund on behalf of Tees Valley Combined Authority and the fund is supported by the Regional Growth Fund.
Finance is available to established businesses bidding for new contracts with operations in:
- Tees Valley
- North Yorkshire (TS and DL postcodes only)
Both SMEs and larger businesses can apply for finance.
The Northern Powerhouse Investment Fund (NPIF)
NPIF can help provide the funding gap you may need if you are an entrepreneur looking to grow your business.
Loans are available to help growing businesses:
- Microfinance for recent start-ups and existing businesses seeking to borrow £25,000 – £100,000 to kickstart activity.
- Debt Finance for SMEs needing to borrow larger amounts (£100k -£750k) to finance growth.
- Equity Finance for SMEs with ambitious growth plans seeking an equity injection from £50k up to £2m.
Start-up Loan Fund
Available to businesses in their first two years of trading, offering low-interest personal loans to help fund business ideas:
- Borrow up to £25,000 per director or partner
- Fixed interest rate of 6% APR
- 1 – 5 years loan repayment term
- No set up or early repayment fees
UKSE
The regeneration subsidiary of Tata Steel who focus on former steel areas affected by changes in the steel industry.
Funding available to help your business grow:
- Loans from £25,000
- Available to finance asset purchases, management buyouts, premises, relocations and other funding requirements.
- Equity finance available up to £1m
For further information please contact:
Business Engagement Team
T: 01642 444366
