Start-up Loan (available to start-up businesses or those trading for less than one year):
- £1,000 to £5,000
- Interest Rate: 12%-15% (conditions apply)
- 2% arrangement fee (minimum £50)
Business Loan (available to start-up and existing businesses):
- £5,000 to £25,000
- Interest Rate: 12%-15% (conditions apply)
- 2% arrangement fee
Business Development Loan (available to existing businesses only):
- £25,000 and over
- Interest Rate: 12%
- 2% arrangement fee
Typical example of a loan:
Loan amount: £15,000, term 48 months, interest rate 12%, arrangement fee 2% (£300), APR 21.5% (APR is dependant on loan amount and term).
To find out if your business is eligible for an NWES Advance loan, please see the Eligibility section.