If you're looking for accessible business finance and have been trading for at least six months then Street North East may be able to help.
Street North East is a non-profit organisation dedicated to working with small businesses who have previously been unable to get bank finance.
We work with a wide variety of small business; from mobile mechanics, hairdressers, pet shops and take-aways through to landscape gardeners, beauticians and DJs. Whether you need the money for equipment, marketing, working capital or even just to ease cash flow, we can work out how much finance will make a difference and how much your business can realistically afford. We will also make sure that your business is getting the most out of the money you put in.
Loan amounts are between £500 and £10,000, matched to your capacity to repay, and terms are designed to reflect the growing needs of your business. Fixed interest rates mean you will always know how much you are repaying.
Getting a business loan from Street North East is simple - all you need is to show that you have been trading and generating cash for at least six months. No collateral is required but we do require a guarantor.
Application is by way of a standard application form which is available by clicking here. The completed application form needs to be supported by a business plan/overview of the business, CV's of key personnel and forecast financial information (e.g. profit and loss account, balance sheet and a 12 month cash flow forecast).
To find out more please contact Aiden Bell on 0191 244 4029 or e-mail a.bell@entrust.co.uk.
Since opening its doors in 2001 Street North East has helped over 280 small businesses. Loaning over £1.1m to help businesses grow.
Street North East is a not-for-profit organisation helping the North East's small businesses to grow with simple business advice and easy manageable finance. Street North East is not a loan company; it is a Community Development Financial Institution (CDFI) and an accredited member of the Community Development Finance Association.
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