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Greater Manchester Chamber of Commerce
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Manchester Business Loans £3,000 to £100,000

Business Finance Solutions has launched a Fund worth £24 million that is targeted at businesses having difficulty in raising finance.

The initiative which is backed by the government is called Manchester Business Loans, and will offer loans generally from £3,000 to £100,000, but larger facilities of up to £500,000 will also be available.

Businesses must show that the money provided will either create or protect jobs.

Paul Breen, a director of Business Finance Solutions, commented:

“Our mission is to make it easier for people to access the finance they need to start up and grow the businesses that will help the economy thrive. We work with many businesses across Greater Manchester who are finding it difficult to raise the finance they need through the traditional sources – the banks and building societies. They may have a good business idea that the traditional lenders find too risky, or are in a sector that the banks are not lending to at the moment. This is where the Manchester Business Loans can really help.”

The Fund is supported with funding from the government’s Regional Growth Fund and is available to any stage companies based within Greater Manchester.

For further information email tom.bathgate@goingforgrants.co.uk

Source: www.economic-solutions.co.uk

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