How does your business grow?
Date: 18/06/12 | Author: Steve Fisher
Looking for investment to start your business, grow your idea or nurture your career? Find out more about our brand new finance scheme for artists and creative businesses
Whether you’re sowing the seeds of a creative idea or nuturing the growth of your freelance career, we could help your business to bloom
Cibas and the University of Portsmouth have developed a unique new finance scheme in partnership with Portsmouth-based Community Development Finance Initiative (CDFI) Parity Trust.
Parity Trust is an ethical, socially responsible lender that has helped the local community and businesses to develop and grow through access to finance, support and advice for over 10 years. Working with Cibas (the Creative Industries Business Advice Service, based at the University of Portsmouth), Parity have developed a finance package especially for artists and creative businesses.
A specialist Cibas Creative Business Advisor will help to ensure that your idea or your business is investment ready and that you’re able to make the most of a serious cash injection in your freelance career or business.
>> Borrow from £2,000 to £10,000
>> Repayable over a period up to 5 years
>> 10% - 12% interest rate fixed for the period of the loan
>> No early repayment penalty
>> A single £95 admin fee
The loan can be used in any way that supports potential business start-up or growth, such as working capital, buying stock, rents and other business expenses, business development (such as marketing) and equipment, including fixed assets. The loan can also be used as ‘matched’ funding in bids for schemes such as Solent Local Economic Partnership Bridging the Gap funding or other sources of grant funding.
When you meet with us, we’ll be looking at the big picture to provide a long-term and sustainable way for you to grow a business. As ethical lenders, we won’t proceed if we believe that borrowing money could put you at any kind of financial disadvantage in the future.
We’ll ensure that you fully understand the terms of our loans and that the package is a perfect fit for your business and your personal circumstances. In addition to the support that you’ll receive in applying to this scheme, we’ll also support all successful applicants with advice and guidance for the duration of the repayment period.
We understand that business – particularly creative business – can be hard to predict. That’s why we’ll be on-hand to help you with your financial forecasting. We also recognise that there are genuine situations where a business or individual might experience financial difficulties. In these instances, we’ll be able to discuss your situation and agree a revised payment plan as appropriate.
Contact us now to sow the first seed
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