Do you have exciting aspirations with plans to expand your workforce to help you achieve that?
By applying for either a Kent and Medway Business Fund (KMBF) Standard or Small Business Boost loan, you could be eligible to benefit from an innovative 0% interest free loan repayable over five years.
Today (Tuesday) sees the launch of two new schemes with £17.4 million available to support business growth in Kent. These funds are as a result of successful repayments from previous loans which over the past 11 years have helped 380 qualifying companies to the tune of £68.3 million.
This new round of the KMBF, managed by Kent County Council (KCC), is now open and encouraging new applications.
Chairman of the KMBF Investment Advisory Board Sir Paul Carter said: “As a result of the previous success of the former Regional Growth schemes over the last 11 years, we are now able to launch our two new loan schemes. KMBF Standard and Small Business Boost.”
The Small Business Boost is a fund for new start-ups and those in the early stages of growth with a loan offer of between £26,000 and £99,000 while the KMBF Standard loan is there with support of between £100,000 and £600,000 for established businesses. The loans are repayable over the course of five years, with an optional six-month repayment holiday.
Further information
For the terms and conditions and all other relevant information, including eligibility criteria and the pre-application form, please visit: www.kmbf.co.uk
Businesses wanting further details can also call the Kent and Medway Growth Hub on 03333 602 300 to talk to an investment adviser.
