Investment Fund for Scotland – Smaller Loans
The Investment Fund for Scotland (IFS) is part of a series of Nations and Regions Investment Funds totalling £1.6 billion, launched by the British Business Bank. The fund covers the whole of Scotland, including rural, coastal and urban areas.
With £150 million of funding for the area, it creates opportunities for new and growing businesses, boosting productivity, innovation and jobs.
IFS provides funding to appointed fund managers who offer three different funding options with loans from £25,000 to £2 million and equity investment of up to £5 million.
IFS Smaller Loans – £25k up to £100k
Business Loan characteristics | Security |
|
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Amount & Term | Interest Charge | Arrangement Fee |
£25,000 – £100,000 repayable up to 60 months | Interest rate is fixed at 10% – 14% per annum for the loan term | Fee of 2% is charged at outset |
Information required to apply for an IFS Smaller Loan:
- Last 2 years’ full annual accounts, if available
- Most recent management accounts
- Business plan / summary overview
- Cashflow, P&L and Balance Sheet forecasts for a minimum of 2 years, identifying the funding requirement
- Agreement to Open Banking report
- Agreement to Credit Report for all directors and shareholders with 20% or more shareholding
Terms and conditions apply, Credit is subject to status, affordability assessments and credit checks.
DSL Business Finance Ltd is authorised and regulated by the Financial Conduct Authority as a broker and a Lender, licence number 708646. Where the firm acts as a Broker full disclosure will be provided to the client in advance.
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