NWES - Loans Section

In order to be eligible to apply there is set criteria that must be met or provided to NWES Advance, this varies depending on whether your business is a start up or existing business.

So what exactly is this criteria?

• A bank rejection letter is required from all applicants along with a full and robust Business Plan with financial forecasts.
• New businesses must provide six months worth of personal bank statements.
• Existing businesses need to provide two years worth of accounts and interim accounts if applicable.

If you and your business are able to demonstrate the above, NWES Advance will assess your eligibility.

If we require more information we will endeavour to work with you to produce this. If all the criteria is met, NWES Advance will arrange to take a loan application from you.

From the point of an application form being taken, and not before, NWES Advance will come back to you with a decision on whether or not the loan application has been successful.

It must be understood that NWES Advance is committed to the process of recovering amounts due. The scheme has a high success rate in debt recovery.

Terms and Conditions apply. The provision of credit is subject to status and applicants must be aged 18 and over to apply. Interest rates may vary.

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).