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£24m loan scheme launched for businesses in Greater Manchester

The Business Finance Solutions (BFS) is launching the Manchester Business Loans initiative. In order to secure funding firms must create or protect jobs. Loans of between £3,000 and £100,000 are available and companies can even apply for funding of up to £500,000.

Paul Breen (pictured), director of BFS, said, “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.”

Click here to apply for a loan under the scheme.

Source: EN

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