The Business Restart Loan (previously the Falkirk Business Loan Fund) offers SMEs in the Falkirk Council area with short-term cash flow issues, interest-free loans between £1,000 to £5,000.
Eligible businesses must be able to demonstrate:
- That they have been adversely affected by COVID-19
- That they have the ability to grow and create employment
- That they have been trading for a minimum of 6 months
The interest rate is fixed at 0% and loans will be repayable by monthly direct debit installments from an established business bank account for a period of up to 3 years. A repayment holiday may be granted at the absolute discretion of DSL. There is no administration fee.
To apply, you need to contact DSL officer Sandra McLean at email@example.com.
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