New business loans for Carmarthenshire
New business loans are being offered to Carmarthenshire companies hit hard by the recession.
The county council is behind a new package of support aimed at helping rate-paying businesses to create and safeguard jobs.
Short term loans are being launched to help rate-paying businesses with capital expenditure costs.
Money will be available for purchasing assets and improvements to properties.
The aim is to help firms develop their business and improve productivity.
New and existing businesses will benefit and young entrepreneurs will be targeted to help them realise their dreams.
The measures have been put together by the Business Service team at the council and have been approved by the authority’s Executive Board.
Business Services Manager Simon Richards said: “The economic climate has affected local firms and this new loan will support capital expenditure to all rate paying businesses, both start-up and existing.
“The support will help them to start, expand or improve their business and productivity.
“The council is committed to helping businesses to ensure their future and safeguard jobs, through a range of support that is presently available.
“We believe that short term proactive support in the form of the new loan will help safeguard jobs in the longer term.”
Business loans ranging from £1,000- £10,000 will be considered over a 12-36 month period.
The maximum loan offer will be no more than 50 per cent of the proposed expenditure, with a minimum of 25 per cent contribution from the business.
The interest rate will be fixed at five per cent plus the base rate at the time of application.
The loan is part of a major package of support for businesses, and comes a year after the launch of a hardship loan for companies struggling to survive during the recession.
The business support team also provides information on access to funding, including business grants, loans and other support.
Regeneration Executive Board Member cllr Clive Scourfield said: “The council is committed to providing business support and development and a package of measures is in place to help companies in the county.
“We are always looking at new ways of helping businesses to ensure their survival and safeguard jobs.
“We would encourage firms to contact us for help and advice during these challenging economic times.”
For further information contact the Business Support team on 01267 242331 or e-mail BusinessSupport@carmarthenshire.gov.uk
Here to help: Launching the new business loans are business officers Barry Davies and Angharad Harding with county councillor Clive Scourfield.
Picture: Jeff Connell
The county council is behind a new package of support aimed at helping rate-paying businesses to create and safeguard jobs.
Short term loans are being launched to help rate-paying businesses with capital expenditure costs.
Money will be available for purchasing assets and improvements to properties.
The aim is to help firms develop their business and improve productivity.
New and existing businesses will benefit and young entrepreneurs will be targeted to help them realise their dreams.
The measures have been put together by the Business Service team at the council and have been approved by the authority’s Executive Board.
Business Services Manager Simon Richards said: “The economic climate has affected local firms and this new loan will support capital expenditure to all rate paying businesses, both start-up and existing.
“The support will help them to start, expand or improve their business and productivity.
“The council is committed to helping businesses to ensure their future and safeguard jobs, through a range of support that is presently available.
“We believe that short term proactive support in the form of the new loan will help safeguard jobs in the longer term.”
Business loans ranging from £1,000- £10,000 will be considered over a 12-36 month period.
The maximum loan offer will be no more than 50 per cent of the proposed expenditure, with a minimum of 25 per cent contribution from the business.
The interest rate will be fixed at five per cent plus the base rate at the time of application.
The loan is part of a major package of support for businesses, and comes a year after the launch of a hardship loan for companies struggling to survive during the recession.
The business support team also provides information on access to funding, including business grants, loans and other support.
Regeneration Executive Board Member cllr Clive Scourfield said: “The council is committed to providing business support and development and a package of measures is in place to help companies in the county.
“We are always looking at new ways of helping businesses to ensure their survival and safeguard jobs.
“We would encourage firms to contact us for help and advice during these challenging economic times.”
For further information contact the Business Support team on 01267 242331 or e-mail BusinessSupport@carmarthenshire.gov.uk
Here to help: Launching the new business loans are business officers Barry Davies and Angharad Harding with county councillor Clive Scourfield.
Picture: Jeff Connell
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