Investment Fund for Scotland
Loans from £25,000 to £100,000 for new or growing businesses in Scotland
Whether you are an entrepreneur wishing to start your own business, an early stage or more established business looking to grow you may find it difficult obtaining the finance you need. Smaller Loans can be used to fill the funding gap for growth and development projects.
DSL Business Finance is committed to driving sustainable economic growth in Scotland. Our Smaller Loans program is designed to support innovation and create local opportunities for new and growing businesses across Scotland. We aim to increase the supply and diversity of early-stage finance, breaking down barriers in access to funding and helping businesses that might otherwise struggle to secure investment.
Key Features:
- Loan Range: £25,000 – £100,000
- Eligibility: Stand-alone Legal Entities e.g. Limited Companies; Limited Liability Partnerships; Partnerships etc.
- Purpose: Starting up, scaling up, or business growth
- Term: Repayable over up to 60 months
- Interest Rate: Interest rate fixed at 10% – 14% per annum for the loan term
- Arrangement Fee: An arrangement fee of 2% is charged at the outset of the loan
Security and Terms
- Security: Bond and floating charge (ranking equally with or behind existing charge holders, if appropriate)
- Personal Guarantees: Required
- Other Security: As may be agreed
Application Requirements
To apply for a Loan, you will need the following information:
- Last 2 years’ full annual accounts (if available)
- Most recent management accounts
- Business plan or 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
- Terms and conditions apply.
- Credit is subject to status, affordability assessments, and credit checks.
Contact us to make an enquiry and find out more below:
Example Loan Calculator
Representative Example
You could borrow £10,000 over 60 months with 60 monthly repayments of £193.33 each
Total amount repayable will be £11,599.68
Representative 6.1678% APR
Annual Interest Rate (Fixed) 6.00%
This representative APR applies to loans of £1,000 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 16.072% APR.
The representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range.
Investment Fund for Scotland is supported by Nations and Regions Investment Limited, a subsidiary of British Business Bank plc, the Bank is a development bank wholly owned by HM Government. Neither Nations and Regions Investment Limited nor British Business Bank plc are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
DSL Business Finance is authorised and regulated by the Financial Conduct Authority (FCA) as both a broker and a lender (licence number 708646).
Enquire about the Investment Fund for Scotland Now
Please complete the below enquiry form and a member of our team will be in touch.
