Business Loans

Case Studies

"Foundation East's loan has given us the breathing space to concentrate on the most important thing – setting up and running a business."

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Foundation East

Our business lending terms are flexible and designed to respond to customer need.  Typically, the following terms apply:

  • Loans between £500 and £50,000

  • Loan repayment periods between six months and ten years

  • Interest rate 15% (for social enterprises we try to keep the interest rate between 10% and 12%)

  • An arrangement fee of 2% (minimum £100) is payable for loans above £3,000. If your loan is for below £3,000 then the fee is fixed at £50. Either way the fee is payable at the start of the loan

  • A poor credit history or no credit history at all will NOT automatically exclude a client from borrowing

  • Lack of security is not necessarily a barrier to lending.

  • Capital repayment holidays may be agreed, where appropriate.

Leaflets

Warning: these are large file sizes so may take a while to download.

Click here to view our business loans leaflet (file size: 1.3 MB)

Click to view out social enterprise loans leaflet (file size: 1.1 MB)
 

Ready to progress your enquiry?

To progress your enquiry, please print, complete and return the following documents to our office:

  1. Business Loan Application

  2. For a list of ID verification please click here

If you need help, these documents might assist you in your application:

Click here to view our terms and conditions.

If you require free impartial business help, advice and support please contact Business Link on  08457 17 16 15 .  If you have any queries about the application process or the information required please contact us at the office on  01284 757777 .