The Greater Manchester Export Fund, provides loans of between £3,000 and £150,000. Interest rates typically will be between 8-15%, and the term of the loan can be up to 5 years. Fees of 2% arrangement fee and 1% per annum monitoring fee apply. Loans are secured by personal guarantee.
Applicants have access to a team of International Trade Advisors through DIT if appropriate to develop their export strategy. Support is targeted at SMEs who, due to their lack of export history, small scale or perceived high-level of risk, cannot access export finance from other sources.
Loans provided by GC Business Finance can be used for working capital or as cash support to enable clients’ bank to issue tender bonds, advanced payment guarantees or performance bonds.
Businesses in Greater Manchester looking to trade overseas for the first time or expand their current levels of trade.
To apply you will need to be able to show that you've tried unsuccessfully to obtain some or all of the finance you need from the traditional lenders.Apply Now
By taking steps to diversify and expand your global market you are actively reducing risk and making your business more financially sustainable for the future. So wherever you are on your journey, from securing your first overseas sale to developing a strategy that will help you to grow and succeed, our international experts are on hand to help you.
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