The Fund
Smaller Loans from £25,000 to £100,000
NPIF II – NEL Smaller Loans Fund
- Small Business Loans
- For new or growing businesses
Whether you are an entrepreneur wishing to start your own business, an early stage or more established business looking to grow you may find it difficult obtaining the finance you need. Smaller loans can be used to fill the funding gap for growth and development projects.
The NEL Smaller Loans Fund is managed by NEL, whose local investment team are committed to strengthening the economy by accelerating the potential of ambitious businesses. We’ve helped hundreds of businesses achieve sustainable success over the years, and we’re actively looking to support yet more companies with strong management teams and robust plans for the future.
| Supported by Nations and Regions Investment Limited, a subsidiary of British Business Bank plc, the Bank is a development bank wholly owned by HM Government. Neither Nations and Regions Investment Limited nor British Business Bank plc are authorised or regulated by the Prudential Regulation Authority (PRA) of the Financial Conduct Authority (FCA). |
Eligibility
Actively trading local businesses across most sectors are eligible to apply to the NEL Smaller Loans Fund, with business loans available for most purposes.
The NEL Smaller Loans Fund is available to SMEs right across the North East of England. Businesses relocating to the area may also be eligible.
For more information about the Fund or to discuss your proposal, please contact our investment team on 0345 369 7007 or via our online enquiry form.
Process
To begin the process, we will need a completed application form. Please contact our investment team on 0345 369 7007 or via our online enquiry form to receive the template form.
During the investment process you will be asked to supply further information to support your application. We will talk you through the process during your initial conversations with us and support you throughout.
Please get in touch to discuss your requirements and we can talk you through your options.
