Application Process
The ELI loan fund is open to all sectors and businesses at all stages (including start up) who are based within the boundary of East Lothian to apply.
Interest free loans to a maximum of £25,000 can be applied for with the normal repayment term of 60 months. A repayment holiday upfront may be available if required and agreed at application stage.
Please note, following the board meeting held on 1st March, the loan fund has currently been suspended. We apologise for any inconvenience.
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 all the documents available to download below. Documents should be completed and returned electronically only to: ELInvestments@eastlothian.gov.uk.
Submitted applications will be acknowledged then you will be contacted by Richard Baty, Fund Manager to discuss your application in detail. Please note you may be required to provide additional or supplementary information to support your application prior to its circulation to the board of directors for a decision to award or decline.
Other relevant company policies that should be read and understood can be found below:
- General Data Protection Regulation Policy
- GDPR Privacy Policy
- Record Keeping and Retention Policy
- Consumer Principle Policy
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:
ELinvestments@eastlothian.gov.uk