Since establishment in 2002, The FSE Group has been operating at the heart of the SME community, serving eligible businesses who are unable to source funding from conventional or even alternative funding channels, helping them to realise their growth ambitions. This challenge has never fallen into greater focus than in these current exceptional times.
It may be that your business had to pause temporarily due to COVID-19 and you may now be thinking about gradually returning to work, re-introducing employees back to the workplace, re-establishing supplier relationships and re-commencing contracts whilst adjusting to business as (un)usual.
In the “here and now” cashflow and financial concerns could seem more prevalent than before and it might be that your business could benefit from a short-term cash injection, but you may not be sure of any remaining options available to you.
One of the products within The FSE Group’s portfolio, offered in certain regions of the UK for which your SME could be eligible is the East of England Regional Trade Finance Loan Scheme.
This scheme is available to eligible SMEs who are established as a limited company and have a material part of its operations located within Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk or Suffolk. Loan amounts range from £50,000 – £250,000 and are repayable over 3 – 12 months.
You could be eligible for this scheme if you have a short-term trade funding requirement that may include the following criteria:
- Working capital for specific new contracts/orders: enabling SMEs to fulfil particular orders or contracts which would otherwise have been unattainable due to the working capital cycles involved (e.g. up-front supplier payments, delivery timescales, client payment terms)
- Short term irregular invoicing patterns from specific contracts/projects
- Up-front tooling requirements for identifiable medium-term contracts or export activity
- Cash-backing for performance bonds/guarantees: temporary credit enhancement to enable banks to support SMEs in the tendering and delivery of significant/strategic contracts
For more information about the East of England Regional Trade Finance Loan scheme visit: https://www.thefsegroup.com/fund/east-of-england-regional-trade-finance-loan-scheme/ or contact Stuart Ager at email@example.com tel: 01473 722910 / 07825 699407