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Business growth loans

​We're working in partnership with GC Business Finance, part of The Growth Company, to provide a range of business loans.

We have 3 different loans available: start up loans, business loans and export finance.

Start up loans

We offer start up loans to help you start a business or get your new business off the ground.

  • £500 to £25,000
  • 6% APR
  • Includes support with your business plans and cash flow forecasts, start up workshops, 1-to-1 support, a professional business mentoring service, access to free PR services and special business offers from partners such as Intuit, PayPal, eBay and more.
Enquire about a start-up loan on our partner's website GC Business Finance

Business loans

We provide business loans to make it easier for you to access the finance and support you need to grow your business, create and protect jobs and to help the economy thrive.

  • £3,000 to £100,000
  • Interest rates typically between 8%-15% per annum.
  • Repayable over any term up to 5 years.
  • Decisions are made on a judgemental basis. We don't use credit scores.
Enquire about a business loan on our partner's website GC Business Finance

Export finance

We offer export finance to help you begin trading overseas for the first time or expand your current level of trade.

  • £25,000 to £250,000 loan or capital grant.
  • 8%-15% annum interest rate with a 2% set-up fee.
  • Repayable over any term up to 5 years.
  • Can be used for working capital or as cash support to enable clients bank to issue tender bonds, advanced payment guarantees or performance bonds.
  • Includes access to a team of international trade advisors who'll help you develop your export strategy.
Enquire about export finance on our partner's website GC Business Finance

Eligibility for our business growth loans

To be eligible:

  • You must be at least 16 years old at the time of your application.
  • Either your business must be based in Rochdale borough or you must be a resident of Rochdale borough. If your loan is to expand your business, then you can apply if you're planning to expand in Rochdale borough.
  • You'll need to be able to demonstrate a viable business plan. Your plan must show you can meet the loan repayment and create or protect jobs as a result of the finance.
  • For the start up loan, you must be starting a business or have started a business in the last 24 months.
  • For the business loan you must be unable to raise the finance you need to start up a new business or finance your existing business. You'll need to be able to show you've tried unsuccessfully to obtain some or all of the finance you need from traditional lenders.
  • For export finance, you must be a small or medium sized business in Rochdale borough and looking to trade overseas for the first time or expand your current levels of trade. You must be unable to access export finance from other sources due to your lack of export history, small scale or perceived high-level of risk.

Contact

0161 245 4977

Phone: Monday-Friday 8.30am-5pm.

The Growth Company
Lee House
90 Great Bridgewater Street
Manchester M1 5JW​​