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Small businesses in Northern Ireland can apply for loans from £10,000 to £100,000

The NI Small Business Loan Fund is part of Invest NI’s and provides loans for Northern Ireland based individuals and limited companies.

The loan can be used for:

• business start-up costs
• expansion or growth finance
• working capital
• new product or market development
• match funding
• new asset purchases

Eligibility criteria

To access a loan from the NI Small Business Loan Fund, businesses should:

• be predominantly based in Northern Ireland
• have been unable to access mainstream finance

Credit is subject to status, affordability assessments and credit checks.

Further information

There is a maximum loan amount of £15,000 to start-up enterprises (businesses trading less than two years). Companies trading over two years can apply for up to £100,000.

Loans are typically unsecured, although personal guarantees may be sought.

Mentoring 91Ï㽶»ÆÉ«ÊÓƵ can be provided to start-up enterprises where loans of less than £15,000 have been availed of.

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First published 4 July 2023.