Business Loans Scotland

Loans up to £100,000 to new and growing, small and medium sized businesses (SME's) across Scotland.

Who can apply?

We can support the following types of legally formed and trading business:

• Limited Companies
• Partnerships including Limited Liability Partnerships (LLP) with 4 or fewer partners
• Partnerships including Limited Liability Partnerships (LLP) with 3 or fewer partners
• Sole Traders (loans over £25,000 only)
• Businesses may operate as a Social Enterprise or Co-Operative

How can the funds be used?

Loans may be used for:

• Working capital
• Purchase of plant and equipment
• Purchase of business property

Terms

Business Loan Scotland offers a Business Loan which has:

• Interest typically fixed at 6% (a higher rate of up to 8.5% may be required for new start businesses)
• A term of up to 5 years
• Security will be taken where appropriate/relevant

What to do next

1. Register online at www.bls.scot using the 'Apply Now' form.
2. Once eligibility is confirmed you can apply using Online Loan Application (OLA)
3. Once approved, loan documentation will be issued
4. Fulfil the preconditions and accept the loan agreement

For further information please contact Business Support and visit www.bls.scot