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Export Finance: £3k - £500k

Export Finance: £3,000 - £500,000

 

What we offer                                  

We deliver loans which range in value from £3000 to £500,000 with the following criteria:

 

  • Term: Up to 5 years
  • Security: Personal Guarantee
  • Interest rate: 8.00% -15.00% per annum
  • Fees: 3% set-up fee
  • Bank Decline: Yes

 

The Greater Manchester Export Fund (GMEF) is a programme of financial support designed to help SME businesses, across the ten local authorities, to significantly increase export sales. The support can be in the form of a loan provided by BFS or a capital grant. The grant scheme is managed by UKTI and the Business Growth Hub, for full details click here

 

Who is it for?                                   

Aiming to assist businesses in Greater Manchester looking to trade overseas for the first time or expand their current levels of trade. Applicants have access to a team of International Trade Advisors through UKTI if appropriate to develop their export strategy and advise on grant and loan options.

Support is targeted at SMEs who, due to their lack of export history, small scale or perceived high-level of risk, cannot access export finance from other sources. 

Loans provided by BFS can be used for working capital or as cash support to enable clients’ bank to issue tender bonds, advanced payment guarantees or performance bonds.

 


Case Studies

VW Camper Go

VW Camper Go

VW Camper GO launches in Oldham with five-figure funding

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