Funding News – Small Business Loan Fund Launched in Telford & Wrekin

Telford and Wrekin Council has launched a small business loans fund along with community development institution Impetus.

The plan aims to provide sustainable financial lending to assist new and existing businesses and social enterprises, specifically businesses that require finance when mainstream funding sources sucgh as High Street banks are unable to assist.

Loans of between £1,000 and £100,000 are available.

Businesses or social enterprises seeking to apply for finance will need to produce a viable business plan and provide evidence that they have attempted to source funding from a bank.

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