Scottish Loan Scheme

The Scottish Loan Scheme can provide loan funding of £250,000 to £2 million (and up to £5 million in exceptional circumstances) to growth focused Scottish companies that have a viable business plan and a clear ability to repay the debt.

Loans can be used for a variety of purposes, including:

  • Working capital
  • Capital expenditure
  • Growth funding
  • International expansion
  • Marketing investment

Am I eligible?

To be eligible for investment from the Scottish Loan Scheme:

  • Your business must be based in Scotland or ready to locate to Scotland (and located in Scotland before any loan funds are made available)
  • You must have a viable business plan which demonstrates you can pay back the loan
  • You must demonstrate that you have tried to get funding from existing funders or there is justifiable reason why you have not
  • Your company is at least two years' old with minimum £250k turnover and be profitable (or projecting profitability within the next 12 months)
  • The loan funding needs to secure or maintain economic impact in Scotland commensurate with the level of funding being sought
  • Your business must support fair work practices, including paying support the Living Wage, with no inappropriate use of zero hours contracts or exploitative working patterns
  • Restricted sectors include banking and insurance and sub-prime lending, gambling, adult entertainment, activities with adverse impact on human rights, tobacco and locally traded services

Full details on Scottish Enterprise website here.