Barclays
This scheme is administered by the Needham
Market branch of Barclays Bank and is available for
businesses that are based in the Mid Suffolk area.
This is a long-standing partnership scheme between Barclays
bank and Mid Suffolk District Council where the bank provides
the loan capital and the Council provides a contribution to the
interest payable. Interest is subsidised by the Council for two
years - Year 1 at a rate of 4%, Year 2 at 4%. Businesses
must be based in Mid Suffolk, with a turnover of
less than £500,000 per year, maximum loan is £50,000.
Eligibility:
- Business must be based within Mid
Suffolk
- Annual turnover must be less than
£500,000
- Must be able to demonstrate need for
subsidy
- All loans are discretionary an subject to
Barclays standard terms and conditions
For further information contact:
Steve Abbott, Local Business Manager, Barclays Bank, Needham
Market.
Tel 01449 623040