In my role I am responsible for delivering the Scottish Microfinance Fund (SMF) which helps both new and established businesses in Scotland gain access to finance, with the prime objective of supporting enterprise in Scotland. The fund is unique, offering loans from £500 – £25,000, with competitive interest rates and no admin charges. We are also often able to help businesses who may have been turned away from the big lenders.
A tailored, personalised and flexible approach
At DSL we go the extra mile for our clients when they come to us for funding, providing them with a tailored and flexible service to ensure they can get the funding they need to help start or grow their business. Since starting in the role, I have particularly enjoyed getting to know my clients and providing them with personalised solutions, whether they need help with their business plan, or cash flow forecasting, or whether they need additional help from an outside organisation such as Business Gateway with which I have a close working relationship. We work hard to understand our clients and provide them with the best solution.
Getting our clients investment ready
An important part of this process is ensuring that our clients are ‘investment ready’ and making sure that they can utilise any loan money work well for their business. Having worked with a multitude of different businesses over my career I am able to bring relevant experience to the table for clients, whether that’s for an art gallery, camera company or cleaning business. I can turn my hand to providing advice to pretty much any business starting out or looking to grow!
This experience has also taught me that there are several common pitfalls that small businesses face when they make funding applications. For me, attention to detail is key as it is often the small things that can delay a funding application, especially when it comes to financials. This is where me and my colleagues at DSL can really help.
The future for small businesses in Edinburgh, Lothians and Borders
Overall, the future for small businesses in Edinburgh, the Lothians and Borders region, and Scotland overall, is looking very bright. This year marks DSL’s 25th anniversary. We are keen to keep helping businesses start, grow and prosper and look forward to helping a wide range of businesses in the next 25 years and beyond.
Tagged With: edinburgh; loan; officer; SMEs; Scotland; DSL