DEBT FINANCE£25,000 - £1m
SWIG Finance work with FSE, the appointed CIOSIF Fund Manager, on delivering smaller business loans as part of the £20 million allocation for debt finance in Cornwall and the Isles of Scilly.
If you’re running a start-up, you probably don’t have any major assets or a proven track record. As a result, you may find it difficult obtaining the finance you need to get your business moving.
You’re not alone. Many fledgling businesses in the region encounter difficulties in finding required levels of investment. A significant number are unable to obtain any finance at all – that number is even higher for micro-businesses with under 9 people.
Our Small Business Loan option is designed for micro businesses and SMEs needing debt finance for a wide range of purposes including filling gaps in working capital, funding expansion projects, leasing commercial premises and asset acquisitions.
As SMEs grow, large injections of capital are often needed to move them to the next level.
You may for example need to hire a new team, purchase new machinery, start exporting abroad or move to larger commercial premises in order to continue growing at the desired rate.
Yet while smaller businesses actively seek finance, many larger SMEs are put off from applying for finance in the £100-£1m range.
Our Debt finance option is designed for companies with up to 250 employees that can demonstrate growth potential.
This fund is only open to businesses based in or looking to relocate to Cornwall and the Isles of Scilly.