About our Loan
Am I Eligible
Loans are managed by Business Loans Scotland on behalf of the Scottish Growth Scheme - Business Loans Scotland Debt Finance Fund LP (SL033447) and is fully financed by the Scottish Growth Scheme and the European Regional Development Fund (ERDF) through the European Structural Funds 2014 -2020 Programme.
A dedicated Loan Fund Officer will be allocated when you register your enquiry and will discuss your requirements and offer support and assistance where relevant.
Click on Our Loan Terms for terms of loan – amount, rate, term, purpose etc. Loan Terms
Calculate your Repayments
We can support the following types of legally formed and trading businesses:
- Limited Companies
- Partnerships including Limited Liability Partnerships (LLP’s) with 4 or more partners
- Partnerships including Limited Liability Partnerships with 3 or fewer partners (Loans over £25,000 only)
- Sole Trader (Loans over £25,000 only)
Our primary focus is on businesses engaged in the Business to Business (B2B) and Business to Consumer (B2C) categories.
Click on Eligible Sectors for a breakdown of eligible sectors as currently detailed on the webpage Eligible Sectors
Work out your monthly repayment by using our loan calculator. Our loan is offered at a fixed interest rate meaning the interest rate doesn't fluctuate during the period of the loan. This allows you to accurately budget for future loan repayments.
Business Credit Check
All of the documents that we need to consider your loan application are uploaded into our Online Loan Application system (OLA). You should have the relevant documents prepared in digital format on your PC / laptop before you start your application. OLA will accept Word, Excel and pdf formats.
The maximum file size is 5MB, so please ensure your files are less than 5MB, otherwise you will need to split your document.
Click on Documentation to detail the list of required information.
How long does the application process take?
All businesses submitting loan applications to Business Loans Scotland will be “credit checked” using an external credit checking agency. Business Loans Scotland currently uses the credit checking service provided by Experian although this may change from time to time.
The business credit check will provide an assessment on the risk and rating of the business as well as detail the shareholders and directors of the business.
Am I Ready to Apply?
On submission of your fully completed application, including all the relevant supporting documentation we aim to make a decision and issue you with your loan offer within 2 weeks (10 working days). A dedicated Loan Fund Officer will guide you through each step of the application process.
How do I Apply?
Use our checklist before you proceed to ensure you and your business are ready to apply. This can help to avoid any unnecessary delays in processing your application. Checklist
If you think you are ready to apply for funding and have all the relevant documents and information prepared according to our checklist, then you should proceed to submit an enquiry. One of our dedicated Loan Fund Officers will be in touch to discuss your enquiry. Enquire Now