ignite your ...start loans
DESCRIPTION
IGNITE your…. Start-up funding Presenter – Rachel Cheetham, Programmes Director at WSX Enterprise Ltd will present the latest information about the Government backed Start-up loans scheme. The recently expanded Start-up Loan programme offers individual business loans of up to £10,000 for young people 30 and under, who are supported during their formative first 12 months by an experienced mentor and a package of other benefits. The Start-up Loans Company runs the scheme and is chaired by James Caan, who is best known for his appearances on the television programme Dragons' Den, work with local delivery partners such as WSX Enterprise to understand and meet the specific needs of an area.TRANSCRIPT
Delivered by
Who & Where
• Partnership between not-for-profit WSX Enterprise Ltd & ethical lender, Parity Trust
• Covering
– Dorset– Hampshire– Isle of Wight– Surrey– West Sussex possible
What
• 18-30 years old• £500 to £10,000 (or more in exceptional
circumstances)• 6% p.a. (6.17% APR) until 31 March 2013• Over 1 to 5 years• Mentor assigned for first 12 months• £375,000 to loan before end March 2012• £112,000,000 available nationally until 2015
How
STAGE 1• Contact WSX• Mentor assigned• Business Plan
developed• Submitted to WSX for
viability check• OK? To Parity Trust
STAGE 2• Credit checks made• OK? Paperwork sent
out• 7 day cooling off
period• Go ahead? Money
within 5 working days
More than just money
Global Partners
Mentor
Other local & national support
Loan START UP BUSINESS
Contacts
• Rachel Cheetham, Programme Manager• Gill Tranter, Programme Coordinator
• Tel: 01329 22 32 12• Email: [email protected]• www.wsxenterprise.co.uk/start-up-loans
• (www.startuploans.co.uk)