East Lothian Investments has announced a new Business Interruption Loan scheme to support business at this time.
“In light of the Covid -19 pandemic, ELI has implemented a business interruption loan which replaces the previous interest free loan offering.”
“Loans can be applied for to a maximum of £5,000, interest free with a holiday repayment period of 4 months. There is a 5% arrangement fee to be paid up front and the loan will have a term of 24 months after the holiday period has ended. It is open to existing businesses only that have been trading for more than 2 years and have employees.”
You can find out more at their website here: East Lothian Investments