Rosebud Micro

Coverage: Burnley, Chorley, Fylde, Hyndburn, Lancaster, Pendle, Pennine Lancashire, Preston, Ribble Valley, Rossendale, South Ribble, West Lancashire, Wyre,

Finance Type: Business Expansion, Capital Investment, Plant and Equipment, Property Improvement,

Managed by Lancashire County Council’s Economic Development Company Lancashire County Development Ltd, Rosebud micro offers loans from £2,000 to £10,000 to new or small businesses with growth potential operating in Lancashire.

Funding:

Rosebud provides flexible loans which can be tailored to business needs at very competitive rates and terms.  Loans arrangements will differ depending on the size of the loan and other factors, but typical terms are an interest rate of 4% above the Royal Bank of Scotland base rate, a set up fee of 2.5%, repayable over 5 years, with no penalty for early repayment and 100% of the funding requirements will be considered under certain circumstances.  Credit issues must be disclosed otherwise applications will be rejected.

Applicants must demonstrate an ambition to grow beyond a lifestyle business to increase their chances of securing a loan and those also supported by the banks will be considered favourably.

Process:

Applications can be completed online at www.lancashire.gov.uk/rosebud or return the completed form to Sue Roberts at Lancashire County Development Ltd, County Hall, PO Box 78, PRESTON PR1 8XJ.

Funding: Upto £10,000

Type of Funding: Loan

Project Timeframe - Expiry Date: Sunday 31st March 2013

Eligibility: Full details provided on enquiry. Available to businesses under the jurisdiction of Lancashire County Council

Disclaimer: The information above was accurate at the time of publishing. This is a constantly evolving directory and we will amend the details as and when required. Regenerate Pennine Lancashire is not responsible for the accuracy of external information.

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