Digital Development Loan Fund
Digital Development Loan Fund
The Digital Development Loan Fund is a Scottish Government initiative to provide loans to companies who wish to improve their digital capabilities and capacity. The loan also covers staff digital skills development as part of the Scottish Government’s drive to improve economic productivity.
- Loans from £5,000 – £100,000
- Loan terms – 3 to 60 months
- Interest rate is fixed at 0%
- No security required*
- No administration or early repayment fees
- Lump sum repayments permitted at no cost
- No hidden charges
Loans are available to existing SME’s including Sole Traders, Partnerships and Social Enterprises.
You will be transferred to https://digitaldevelopmentloan.org/ to complete your online application.
An example for Illustrative purposes:
Annual Interest Rate (fixed) is 0% p.a. (0% APR) based on borrowing £50,000 and repaying over 5 years in 60 monthly repayments of £833.33 each with total amount repayable of £50,000.
The loan calculator is designed to help you work out what your total and monthly repayments will be, depending on the loan term and amount you choose.
All applicants are assigned a Loan Officer throughout the process and receive face-to-face, pre and post loan drawdown support. Our friendly team are here to advise and support you every step of the way.
DSL Business Finance ltd is appointed as fund manager by Lancashire Enterprise Services Ltd to deliver DDLs on behalf of the Scottish Government.
* Need the text here about security etc…..
The above calculator should be used for illustrative purposes only. Exact figures will be published in the loan offer documentation.
