Commercial loans from the Council

Types of funding available

Secured loans are the main form in which assistance is provided although equity and hire purchase finance can also be considered where there are specific advantages to these forms of finance.

We provide gap funding or co-investment with Banks and other finance providers rather than being the primary lender to businesses. All applicants are required to maximise other private and public sector forms of funding before approaching the Council. EDS can assist applicants to identify other funding sources.

Loans are repayable over a fixed term and interest and capital repayments collected by Direct Debit each month. 

Legal fees are recharged to the borrower at cost. No arrangement fees are charged and no early repayment fees apply to Council loans.