Debt Finance

£25,000 – £1m

If you’re running a start-up, you probably don’t yet have any major assets or a proven track record. As a result, you may find it difficult obtaining the finance you need to get your business moving.

You’re not alone. Many fledgling businesses in Cornwall and the Isles of Scilly encounter difficulties in finding required levels of investment. A significant number are unable to obtain any finance at all – that number is even higher for micro-businesses with under 9 people.

Our Small Business Loan option is designed for smaller businesses needing debt finance for a wide range of purposes including filling gaps in growth capital, funding expansion projects, employing new staff and investing in new machinery and equipment.

As SMEs grow, large injections of capital are often needed to move them to the next level.

You may for example need to hire a new team, purchase new machinery, start exporting abroad or move to larger commercial premises in order to continue growing at the desired rate.

Yet while smaller businesses actively seek finance, many larger SMEs are put off from applying for finance in the £100k-£1m range.

Our Debt finance option is designed for companies with up to 250 employees that can demonstrate growth potential. For more information call our Truro office 01872 306660.

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British Business Bank plc is the holding company of the group operating under the trading name of british Business Bank. It is a development bank wholly owned by HM Government which is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The British Business Bank operates under its own trading name through a number of susidiaries, including British Business financial Services Limited which act as delivery partner or the Northern Powerhouse Investment Fund. British Business Bank plc and its subsidiary entitlies are not banking institutions and do not operate as such. A complete legal structure chart for British Business Bank plc can be found on this website. © British Businss Bank.