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Growth Finance Fund

Who it is for

• Must be an SME based in Northern Ireland which can demonstrate growth potential and generally be in the manufacturing, engineering or tradable services sectors with export potential.
• Companies must be able to demonstrate ability to service loan repayments from projected cashflows.
• Applicants cannot operate in the excluded sectors, such as coal mining, steel making, shipbuilding, as defined by the EU Risk Capital guidelines or be a company in an insolvency process.
• Must have an identified funding gap in a proposed investment.
• Informal approaches over the telephone are welcomed to discuss the loan proposal, but in due course a business plan will be required to progress a loan application.

Support you can get

• Loans for access to growth finance. Whilst a positive trading history is desirable, where this is not evident, businesses should be able to demonstrate a recent return to profitability with a clear plan to build on this.
• Loans will be provided between the range of £500,000 and £2 million, on a 2-7 year term. Payment terms can be tailored to suit the cashflow needs of the business.
• Pricing will depend on risk assessment of each company, plus an additional annual charge.
• Loans provided are expected to be complementary to existing sources of finance including banks, trade finance sources and equity investors.

Support organisers

• Whiterock Capital Partners

Email

info@whiterockcp.co.uk

Phone:

028 9500 1060

Next Steps

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