16

Apr

GDPR – what you need to know before May 25th

Well, many of the concepts and principles are much the same as those in the current Data Protection Act, so if you are complying properly with the current law, then most of your approach will remain valid and can be a starting point to build from. However, there are some new elements you should be […]

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29

Mar

DSL loan recipient honoured with sustainability accolade

The business was built on the belief that no machine can ever replace the quality control of skilled craftspeople, which is why each step of the process is carried out entirely by hand in small singular batches using the Argyll Smokery Signature Cure. Karen Baxter and Allan McDougall own and co-operate the business which they […]

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20

Mar

Meet the Team – Nicola Cosgrove

Name: Nicola Cosgrove Role: Investment Readiness Officer What do you do at SMF? My role is to assess loan applications for potential clients. This includes meeting all clients and giving them support and guidance to ensure they have the best opportunity of securing funding. In the last 12 months, with the growth of DSL, I […]

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19

Mar

Commonly asked questions when applying for a business loan

Our top questions include: I have a bad credit report; will that stop me from getting a loan? Not necessarily. Send us a copy of your credit report to review, then we can let you know if you meet the eligibility criteria and advise you on next steps. I have a low credit score; will […]

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08

Feb

Meet the Team with Sandra McLean

Name: Sandra McLean Job title: Fund Manager What’s your role at DSL, and within SMF? Tell us about your role. My role at DSL is quite versatile and involves numerous different tasks. I manage DSL’s bank accounts, as well as third party loan funds and report on their portfolios. Reviewing policies and procedures to ensure […]

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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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