|
Barking & Dagenham Small Business Centre offers financial assistance
through our wide range of loan funds, depending on the viability
of your business idea. Loan funds are available for start-up and
existing businesses.
Trickle-up loan fund
A ladder of opportunity loan fund for budding entrepreneurs:
Borrow up to £10,000 and receive your loan in stages.
If you need £1,000 or less to start, take the first step on the
ladder.
When you need the next part of your loan, move up the ladder.
The payments continue as you business grows until you reach the
top.
Exclusively for businesses starting up or growing in Barking
& Dagenham, the trickle-up loan fund offers:
- Loans of up to £10,000 for new and existing businesses
- Repayable over a maximum of three years
- Free one-to-one help to develop your business idea
- Continued business support
Applicants must demonstrate a viable business proposal to support
the loan and all applicants are evaluated by an independent panel
following a detailed review by BDSBC’s loan fund
team.
Start-up & expansion loans
- Loans of up to £20,000 for new and existing
businesses
- Gap financing to complete a funding requirement
- Free help with developing a viable business
plan
- Repayable over a maximum of FIVE years
- Continuing business support
- Shariah-compliant loans available
Applicants must be able to demonstrate a viable business proposal
to support the loan.
BDSBC grant funding
We offer grant funding of £1,000 to new start-up businesses
based in Barking & Dagenham. Subject to business commencing trading.
If you have any questions about the finance available please
call us on: 020 8911 3737 or email:
bdsbc@bdsbc.org
|
