Rates & Fees
If your application is successful we will lend the money for an agreed period of time, usually between three and five years.
The underlying Interest rate is fixed for the period of the loan and ranges between 10 & 15%, dependent upon the individual application and associated risks, in line with the recommended rates advised by the NorthWest Development Agency.
An Arrangement Fee of 1.5% (Minimum £100) is payable. This will be deducted from the Loan Advance remitted to you.
An Annual Monitoring Fee equivalent to 1% of the loan advance shall be paid by the Borrower to The Enterprise Fund Ltd. The first payment shall be deducted from the loan advance before it is released to you. Subsequent payments shall be due annually, payable in advance at each anniversary of the drawdown.