Under the Scottish Growth Scheme, Business Loans Scotland has loaned in exceeded of £1,250,000 to Scottish SMEs.
Providing loans from £25,000 to £100,000, Business Loans Scotland give businesses access to an invaluable new source of funding. Fully funded through the Scottish Growth Scheme and the European Regional Development Fund (ERDF), Business Loans Scotland has currently invested in 19 Scottish SMEs, with this figure expected to rise to over 100 by the end of 2021.
Loans may be used flexibly for several purposes, including working capital, purchase of plant and equipment and investing in business property to name a few. With the help of loan funding from Business Loans Scotland, SMEs will be able to realise their ambitions which in turn, will have a positive impact on employment and the economy.
Source: High Growth Scotland