The Scottish Loan Fund provides loans ranging from £250,000 to £5 million to small and medium-sized enterprises (SMEs), and is delivered by Maven Capital Partners on behalf of contributing funders including Scottish Enterprise and the European Regional Development Fund.
It is designed for businesses that are looking for capital to help drive their expansion plans.
It provides mezzanine finance, a product that sits between debt and equity and is used to fund companies with positive cash flow and significant growth ambitions. The Scottish Loan Fund can suit a range of purposes, such as:
- Capital expenditure
- Working capital
- Development capital
- Overseas expansion
- Acquisition capital
- New product development
Why choose mezzanine finance?
- Management retain full operational and equity control of their company as no direct equity stake is taken in the business
- Provides the flexible form of funding needed to help deliver growth, and can work alongside any existing debt and/or equity currently in the business
- Repayment can be made over a term of three to seven years, with capital repayment holidays available
To find out more about some of the companies that have benefitted from investment through the Scottish Loan Fund take a look at the case studies on the Maven website