Capify’s £50 million Small Business Fund has been created to support established companies that require additional finance to help them recover from the latest coronavirus lockdown.
The Fund is open to businesses operating across a range of sectors that:
- Have ambitions growth plans.
- Want to maintain existing success.
- Are preparing to reopen as COVID-19 restrictions are lifted.
Business owners can access loans up to £1 million.
Small and medium-sized enterprises (SMEs) across the UK that are already trading as a limited company may apply. The lending criteria will take into consideration the challenges of the past year, and support will also be offered to businesses that are preparing to reopen once lockdown restrictions are eased. Those businesses not open yet or about to reopen, will be given the opportunity to register for support.
Capify’s loans can be used for any business purpose. For examples, purchasing new stock, refurbishing premises, buying a new piece of equipment, or undertaking something completely different.
Applications can be made at any time.