The NI Small Business Loan Fund provides access to finance for small businesses, sole traders and partnerships which are keen to develop their business, but find it difficult to access funding through traditional sources.
Since its launch in 2013 it has now provided over £6m of loans to over 270 businesses all across Northern Ireland.
Start-up businesses trading less than two years can access up to £15k whereas companies trading longer than this can apply for up to £50k.
Funding can be provided for a wide range of purposes including the following,
The NI Small Business Loan Fund LP (“NISBLF”) is a limited partnership registered in Northern Ireland (No. NL75) which is authorised and regulated by the Financial Conduct Authority (“FCA”) to enter into regulated credit agreements as a lender (FCA FRN 723971). NISBLF is operated by Ulster Community Investment plc (“UCI”), being a company incorporated in Northern Ireland (NI030229) which is authorised and regulated by the FCA for entering into regulated credit agreements on behalf of a lender and credit broking (FCA FRN 589719).