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Enterprising Falkirk Invites you to boost your business with a Business Loan from the BP Grangemouth Fund - a low-cost, unsecured advance designed to help you take a new or existing business forward. Whether you have a promising business idea or a small business that is already trading, you could probably use some extra funding. The BP Grangemouth Fund offers low-cost loans as part of its commitment to helping business in the Falkirk area. The Fund will be administered by Falkirk Enterprise Action Trust (FEAT), acknowledged experts in this field with a wealth of experience of offering sound business advice to the local business community. It is one of several initiatives being launched by Enterprising Falkirk, a forward-looking partnership between the public and private sectors. In addition to the backing of BP Grangemouth, Enterprising Falkirk has the support of Scottish Enterprise Forth Valley and Falkirk Council and is committed to fostering a positive enterprise culture and community spirit. "By working together effectively, we can create a positive climate that will bring sustainable business and social benefits to the entire Falkirk area." Susan Caito, Complex Director, BP Grangemouth Yes
my business could use extra capital! If you have plans to start a new business in the Falkirk Council area, or your business is already trading here, you can apply for a loan. You must be able to show a clear business requirement for the loan and demonstrate that your business has the ability to grow and create additional employment without directly threatening an existing local business. How much can I apply for? Loans will not normally exceed £5,000. What will it cost? There are no fees and interest rates will be low. Payments are fixed for the duration of the loan and are paid monthly in arrears. What security is required? None, loans are unsecured. What is the term of the loan? Loans are for three years but may be repaid sooner. I think I am eligible - what do I do next? Simply contact FEAT at Newhouse Business Park, Newhouse Road, Grangemouth or call 01324 665500 to make an appointment with a FEAT business advisor who will discuss your business with you and the reasons for the loan. If you are considered eligible, you will be asked to complete an application form. Your advisor will help you complete the form and let you know what additional supporting information will be required. Then what? An award panel will review your application and may request that you attend a meeting to discuss your proposal further. If your application is successful, you will be issued with your loan cheque. How long will it take to process my application? The loan cheque will normally be issued two to three weeks after receipt of your completed application. What if my application is rejected? Because Enterprising Falkirk is committed to providing business support as well as financial assistance, your business advisor will explain fully the reasons why your application has been unsuccessful and provide constructive advice for the benefit of your future business plans. What happens after I receive my cheque? As part of the after-care programme, you will have the opportunity of regular meetings with your business advisor throughout the duration of the loan. This will help you review your business performance and be a source of valuable business advice. Enterprising Falkirk Enterprising Falkirk is a unique new partnership created by BP Grangemouth, Scottish Enterprise Forth Valley and Falkirk Council to provide support and resources for the growth of new business and the enhancement of the local communities in the Falkirk area. Enterprising Falkirk will
To involve the local community in an active partnership which will foster an enterprise and community spirit, leading to sustainable business and social benefits for the area. Enterprising
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