We are committed to working alongside businesses in our region and the creation of local loan funds is testament to this. As we operate in a predominantly rural region, we understand the challenges that rural businesses sometimes experience with cash flow, generally due to factors beyond their control, such as seasonality or weather related scenarios.
With this in mind, we will consider flexibility within your loan repayment schedule to enable you to manage your cash flow accordingly. But local finance is not just about flexibility (which is available across nearly all our products) its more about stimulating the local economy in specific areas, enabling businesses to access the finance they require to expand, grow and create or safeguard jobs, thus creating a positive local economic impact.
To date, we have partnered with Eden District Council to create the Eden Business Support Fund and Allerdale Borough Council to create the Allerdale Business Support Fund. Details of both funds and their terms of eligibility and finance can be found on the next page.