Cashflow Support Via Interest-Free Loans

Cashflow Support Via Interest Free Loans

What is it? Delivered through the British Business Bank and 22 participating lenders in Northern Ireland. The Government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims). The scheme will support loans (including Term Facilities, Overdrafts, Invoice Finance and Asset Finance) of up to £5m.

Businesses can access the first 12 months of the finance interest free.

Can I apply? UK based SMEs with a turnover of no more than £41 million per annum.

How Do I access? Talk directly to your bank or finance provider (not the British Business Bank) as soon as possible.

What’s next? The scheme will launch on Monday 23 March.

Further Information Link: