Export Finance: £3,000 - £150,000
What we offer
The Greater Manchester Export Fund, provides loans of between £3,000 and £150,000. Interest rates typically will be between 8-15%, and the term of the loan can be up to 5 years. Fees of 2% arrangement fee and 1% per annum monitoring fee apply. Loans are secured by personal guarantee.
Applicants have access to a team of International Trade Advisors through DIT if appropriate to develop their export strategy. Support is targeted at SMEs who, due to their lack of export history, small scale or perceived high-level of risk, cannot access export finance from other sources.
Loans provided by BFS can be used for working capital or as cash support to enable clients’ bank to issue tender bonds, advanced payment guarantees or performance bonds.
Who should apply
Businesses in Greater Manchester looking to trade overseas for the first time or expand their current levels of trade.
To apply you will need to be able to show that you've tried unsuccessfully to obtain some or all of the finance you need from the traditional lenders.