The Wealden & Eastbourne Loan Fund could help you to access the capital you need to take your business to the next stage.

Are you a micro business based in the Eastbourne or Wealden area? Do you employ less than 11 members of staff? Do you have ambitions for growth? But are you struggling to access the commercial finance you need to achieve your desired growth?

If so, the scheme could provide you with access to;

  • A business loan over an agreed term up to a maximum of 60 months with monthly repayments of capital and interest
  • Loans of between £5,000.00 and £15,000.00 are available
  • Interest Rates are 12% to 14% per annum – please contact us for an APR % quote
  • There is an arrangement fee of 4% (a minimum of £200.00) payable when the loan is drawn down.
    The loan terms range from 6 to 60 months (5 years).

 

To qualify;

  • Companies must be successful, profitable & growing businesses that have been trading 12 or more
  • The business must be based in the Wealden and Eastbourne area

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We will need the following to consider your application; once we receive the required paperwork we will ensure we keep you informed of all progress.

  • Business Plan with financial forecasts
  • Part 1 CBS Application – the Business
  • Part 2 CBS Application – Personal Details
  • Personal Survival Budgets for each Director
  • Copy of your identification
  • Copy of 6 months business bank statements & 3 months personal
  • Recent (last 3m) proof of address
  • Last 3 years Annual Accounts
  • Year to date Management Accounts.

Parts of the Let’s Do Business Group

Partners and Stakeholders