19

Dec

Lucky Scottish Edge finalists awarded over £1 million investment for their start-ups

Similar in its aims as The Scottish Microfinance Fund (SMF), Scottish Edge supports up and coming talented entrepreneurs achieve their business goals. From 242 applicants to round 11, there were 13 lucky winners that received funding out of a total of 24 finalists on the day. Investment and funding is an essential part of getting […]

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06

Dec

SMC Cosmetics UK

I approached SMF for a loan to get my nail polish manufacturing business in Invergordon off the ground after being turned down by banks, or only offered a loan with high interest rates. Working previously as a chartered engineer in Glasgow, I wanted to move back to the Highlands to raise my young family. Using […]

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15

Nov

Meet the Team with Rekha Welsh

Name: Rekha Welsh Job title: Loan Officer, North East Scotland What’s your role at DSL, and within SMF? My role at DSL is to support the delivery of the Scottish Microfinance Fund, offering support to local businesses who are struggling to secure loans from elsewhere. Building good relationships is essential to being successful in this […]

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02

Nov

Meeting the First Minister at #SUS17!

Our Fund Manager Sandra McLean and Investment Readiness Officer Nicola Cosgrove had a successful day at the Start-Up Summit in Edinburgh on Wednesday, hosting a stand and hearing from the First Minister Nicola Sturgeon on the launch of a £4 million innovation fund to help support entrepreneurs. The First Minister stressed how important entrepreneurs are […]

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12

Sep

Scottish Microfinance Fund lends first £1 million

Supported by the Scottish Government, DSL Business Finance, European Regional Development Fund (ERDF) and The Start Up Loans Company (SULCo), the SMF aims to provide improved access to finance to businesses throughout Scotland with competitive terms. The fund offers an interest rate of six per cent and has no arrangement or early repayment fees. The […]

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11

Aug

Meet the Team: Stuart Yuill

Name: Stuart Yuill Job title: Executive Director, DSL Business Finance Ltd Tell us about your role. Creating and maintaining jobs and communities by providing access to affordable business funding is at the heart of what we do, and one of my responsibilities is to ensure we effectively deliver this in Scotland. I provide strategic and […]

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26

Jul

Taking the leap into business: Five common challenges faced by SME business owners and how to combat them

1. Cash Flow Money problems are usually at the top of most lists of business woes. For small businesses, the major worries are making sure enough money is coming into the business to meet outgoings. Things like clients delaying payments, unexpected outgoings, and outstanding bills can quickly cause big problems. There are several money management […]

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26

Jul

Dispelling the myths around business loans

Myth No. 1: Getting a small business loan is the hardest thing you’ll ever have to do. There’s no denying that getting a loan for your business will not be a walk in the park, but it doesn’t have to be an insurmountable challenge. One of the best ways to avoid getting into difficulties is […]

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06

Apr

Sandra McLean named Outstanding Loan Officer at UK Citi Microentrepreneurship Awards

Sandra manages the new Scottish Microfinance Fund for DSL, which delivers Scottish loans for Scottish businesses. The Scottish Microfinance Fund is a Scottish Government initiative supported by the European Regional Development Fund (ERDF), DSL Business Finance (DSL) and The Start Up Loans Company (SULCo) and aims to provide improved access to finance with very competitive […]

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06

Apr

A loan can help your business reach its full potential – here are some of the ways extra cash can be crucial to growth

This is normal for any growing company, and it’s what the many business financing options available are there for. Business loans in particular are useful for funding specific investments in your business. Expansion plans, new equipment, or cash to take advantage of a valuable new opportunity are all good reasons to take out a business […]

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