Home
Enjoy
Ambassadors
Business
Live

Investment Loans

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
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

E: business@redcar-cleveland.gov.uk

Business Events

Feb

29

February NEAA Members Network at ElringKlinger GB (Members only)

Read more

Mar

14

FSB Bootcamp

Read more

Apr

16

Leading the Charge: An Electric Vehicle Showcase

Read more

Board Information

Privacy Policy

This website is a part of a place marketing project by Redcar & Cleveland Borough Council and is managed by staff from its Business Engagement team, Visitor Destination and Engagement team, and Place Marketing team.

Your personal information will be held if you choose to complete and submit one of the information request forms on the website. Your personal information will be held in accordance with Redcar & Cleveland Borough Council’s corporate privacy notice here, and the Business Engagement Team service specific privacy notice here, depending on which team you place your enquiry with.

We employ cookie technology to help log visitors to our website. A cookie is a string of information that is sent by a website and stored on your hard drive or temporarily in your computer's memory. The information collected is used for analytic purposes through Google Analytics and helps us make improvements to the website. No personal information is collected this way. You can reject the use of cookies, but you may not be able to progress through the website.