NWES - Loans Section

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.