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.

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