The ELI loan fund is open to all sectors and businesses that have been trading more than 2 years and are based within the boundary of East Lothian to apply.
Interest free business interruption loans to a maximum of £5,000 can be applied for with the normal repayment term of 24 months, commencing 4 months after the loan is drawn down.
Loans are interest free however, if approved, an arrangement fee of 5% will require to be paid prior to funds being released.
Potential applicants should ensure they read fully the following documents (available to download):
Other relevant company policies that should be read and understood:
If support and advice is required this can be provided by the Business Gateway Advisor prior to completing the application. Enquires for support, or for any other information on applying should be made to:
On completion of your application you will be contacted via e-mail by Richard Baty, Fund Manager who may have a number of questions regarding your application prior to its circulation to the board of directors for a decision to award or decline.The boards decision is final and no information will be provided on the reason for refusal