Business Loans Scotland (BLS) is the Fund Manager for a £15 million loan fund, which seeks to invest in new and growing Scottish SMEs. Business Loans Scotland is also the trading name of the Scottish Growth Scheme – Business Loans Scotland Debt Finance LP (SL033447) and is fully financed by the Scottish Government.

Benefits

• Borrow from £25,000 up to £100,000
• Loans up to £250,000 may be available in exceptional circumstances
• No additional fees or charges
• Interest rate fixed at 6%
• Repayment period up to 5 years
• Capital Repayment holidays are available
• Support from a dedicated Loan Officer
• Receive ongoing support, advice & training from Business Gateway and Local Authority Economic Development teams

Eligibility

BLS can support the following types of legally formed and trading businesses:

• Limited Companies
• Partnerships including Limited Liability Partnerships (LLPs) with 4 or more partners
• Partnerships including Limited Liability Partnerships with 3 or fewer partners (Loans over £25,000 only)
• Sole Trader (Loans over £25,000 only)
• BLS primary focus is on businesses engaged in the Business to Business (B2B) and Business to Consumer (B2C) categories.

As a guideline, the following sectors are likely to be eligible for support:

• Manufacturing
• Service to manufacturing
• Construction
• Wholesale
• Transport and Distribution
• Software
• Agriculture linked to farm diversification
• Tourism & tourism infrastructure
• Transport and Distribution
• Software
• Agriculture linked to farm diversification
• Service-based (providing they are not one of the sectors not normally eligible for support)

If you are unsure if your business falls into any of the foregoing categories you should contact BLS for further guidance.

Application Process

Use this checklist before you proceed to ensure you and your business are ready to apply. This can help to avoid any unnecessary delays in processing your application.

You can also work out your monthly repayment by using the loan calculator. Loan offered at a fixed interest rate meaning the interest rate doesn’t fluctuate during the period of the loan. This allows you to accurately budget for future loan repayments.

Apply Now!