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| Working capital loans available from YHD |
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YHD has secured additional funds to lend from Yorkshire Forward, the Regional Development Agency for the Yorkshire and the Humber region. YHD partners have an additional £
1.2 million from a small loans pot for working capital of up to £50,000 for small businesses across the region.
The small loans pot is part of a £5 million "Transition Loan Fund" available to businesses over the next six months.
The fund is focused in three key areas, one of which is the small loans pot, all of which can be accessed through Business Link Yorkshire. The other two key areas are:
A £1 million business angels co-finance scheme which allows companies to access finance from both Yorkshire Forward and regional business angels, who invest both capital and management experience and expertise in companies wanting to develop their markets. Loans will typically be in the range of £25,000 to £100,000.
A £2.8 million large loans scheme which provides general loans in the region of £70,000 to £100,000.
Contact Business Link Yorkshire on 08456 048 048 to enquire about the availability of loans in your area.
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