Business Loans Scotland

Business Loans Scotland is a consortium of Scotland’s local authorities, providing loan finance up to £100,000 to new and growing small and medium-sized businesses (SMEs) across Scotland.

Business Loans Scotland builds on the previous successful loan funds, the West of Scotland Loan Fund (WSLF), the East of Scotland Investment Fund (ESIF) and the South of Scotland Loan Scheme.


We can support the following types of legally formed and trading businesses:

  • Limited Companies
  • Partnerships including Limited Liability Partnerships (LLP’s) with 4 or more partners
  • Partnerships including Limited Liability Partnerships (LLP’s) with 3 or fewer partners (loans over £25,000 only)
  • Sole Traders (loans over £25,000 only)
  • Businesses may operate as a Social Enterprise or Co-operative

Our primary focus is on businesses engaged in the Business to Business (B2B) and Business to Consumer (B2C) categories.

Loans may be used for

  • working capital
  • purchase of plant and equipment
  • purchase of business property

Applicant businesses should demonstrate that they have explored all available funding options including personal funds and borrowings, bank funding (including factoring and asset finance) and the potential for equity from venture capitalists. Any business approaching Business Loans Scotland will receive support and advice from Business Gateway and local authority business support teams to help them reach this stage.

The following sectors may not be eligible for support:

  • Sale of Motor Vehicles
  • Real Estate / Speculative Property Development
  • Professional Services
  • Social and Personal Services
  • Local Services

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