Partner Article

Bumper finance applications from North East entrepreneurs

Newcastle-based business supportand enterprise agency Entrust report a bumper start to the year thanks to increased interested in the Finance for Business North East Microloan Fund.

The organisation has already received 15 applications for £248k in the first two weeks of the year.

Last year Entrust received just eight applications seeking a combined value of £60k, in the same period.

Peter Gilson, head of funds and investment at Entrust, said: “Applications came in steadily in the last quarter of 2013 and this further increase in loan applications from both entrepreneurs who are looking to start a business and established owner-managers has been pleasing to see.

“The banks may be saying they are lending but we are hearing differently and continue to receive enquiries from a range of sole traders, limited companies and partnerships.

“We have over £2m to lend to up to 200 North East businesses this year with amounts from £1k right through to £25k. We are perfectly placed to support those looking to launch or grow a business and also those finding it difficult to secure mainstream finance. We even have packages that work for third sector organisations too.

“People should get in touch now to make the most of this opportunity while the money is there as it is going quickly now confidence is on the up.”

For more information and details of how to apply for an Entrust fund loan go to http://www.entrust.co.uk/money.

This was posted in Bdaily's Members' News section by Tom Keighley .