A limited £2.25m available through loans to help Lancashire based businesses get back on track with growth plans.
Following the impact of Coronavirus, the traditional Rosebud Fund has been renewed to support Lancashire businesses when they need it most. Rosebud Finance want to make sure that every business has access to the capital it needs regardless of the economic conditions and have loans from £10,000 to £300,000 and complimentary business support available.
Key facts about the Rosebud Rebound Fund
- Loans provided between £10,000 and £300,000 for ambitious growing businesses seeking to expand their workforce
- Interest rates typically will be between 6-10% with an admin fee of 2.5% (talk to us about flexible options for payment)
- Loans are typically taken out for three to five years. And there’s no penalty for early repayment
- You’ll need to disclose if you’ve got a bad credit history, but it won’t necessarily stop you from getting funding
Please note: The Rosebud Rebound Fund is not eligible for the Coronavirus Business Interruption Loan Scheme (CBILS) therefore personal guarantees and additional security may be required.
The Rosebud Fund is designed specifically for Lancashire businesses offering loans from £10,000 – £300,000 with complimentary business support for growing businesses in the County Council’s administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the council and is delivered by GC Business Finance.