The Stockport Business Finance Scheme has a range of finance packages available for businesses with loans from £500 to £500,000 to suit all business needs.

The scheme, run by Business Finance Solutions (part of Manchester Growth Company) in partnership with Stockport Council, offers loans to a wide range of businesses from start-ups to business finance and export. 

Start-up loans

The Start-Up Loans scheme is aimed at individuals who are starting a business or who have been trading for less than 24 months. The funding is provided through the Start Up Loans Company, a government-funded initiative that provides start up support in the form of a repayable loan, together with a business mentor for entrepreneurs across England and Northern Ireland.

Start-up loans are available from £500 to £25,000 at 6% APR coupled with a package of support that includes:

•  support with business plans and cash flow forecasts
•  start-up workshops and one to one business support
•  a professional business mentoring service, post loan
•  access to free PR services
•  special business offers from partners Intuit, Paypal, eBay and many more

To discuss your requirements further please complete our enquiry form

Stockport council finance scheme
Stockport council finance scheme

Business Loans

Stockport Business Finance Scheme is aimed at businesses across Stockport borough who are unable to raise the finance they need to either start up a new business or finance an existing business.

Stockport Business Finance Scheme loans make it easier for entrepreneurs to access the finance and support they need to start up and grow their business, create and protect jobs and to help the economy thrive.

To apply you will need to be able to demonstrate a viable business plan, which shows that the business can both meet the loan repayment and create or protect jobs as a result of the finance.

You will also need to be able to show that you’ve tried unsuccessfully to obtain some or all of the finance you need from the traditional lenders.

A quick decision will be provided to the business based on the information supplied. Business Finance Solutions, who managed the scheme on behalf of Stockport Council, do not credit score and decisions are made on a judgemental basis and are typically made between 2 to 4 weeks depending on the complexity of the loan application.

Business Loans are available from £3,000 to £100,000, with interest rates typically between 10 and 15%. Loans can be repaid over any term up to 5 years.

To discuss your requirements further please complete the enquiry form

Export Finance

The Greater Manchester Export Fund (GMEF) is a programme of financial support designed to help SME businesses, across the ten local authorities in Greater Manchester, to significantly increase export sales. The support can be in the form of a loan or a capital grant. The grant scheme is managed by DIT (Department for International Trade) and the Business Growth Hub.

The aim is to assist businesses in Stockport looking to trade overseas for the first time or expand their current levels of trade. Applicants have access to a team of International Trade Advisors through DIT if appropriate to develop their export strategy and advise on grant and loan options.

Support is targeted at SMEs who, due to their lack of export history, small scale or perceived high-level of risk, cannot access export finance from other sources.

Loans provided can be used for working capital or as cash support to enable clients’ bank to issue tender bonds, advanced payment guarantees or performance bonds.

Export Finance Loans are available which range in value from £3,000 to £500,000 with the following criteria:

•  Term: Up to 5 years
•  Security: Personal Guarantee
•  Interest rate: 4% per annum
•  Fees: 2% set-up fee (monitoring fees may apply)
•  Bank Decline: Yes

To discuss your requirements further please complete the enquiry form

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    1 Pepper Road Hazel Grove,
    Stockport, SK7 5DP