ENI Loan Fund

The Enterprise Northern Ireland Loan Fund (ENI Loan Fund) provides loans to individuals both looking to start, or already running, their own business, who can demonstrate a viable business proposal, but who are unable to access mainstream sources of finance.

Loans can be used to help start and grow your business through:

Securing business premises and any required refurbishment
Purchase of capital items e.g. machinery, equipment & tools
Purchase of stock and raw materials
Payment towards marketing, advertising and promotion costs
Payment towards other activities and items essential for business start-up/expansion

All applicants must:

Be over 18 years of age and be responsible for running the business
Be able to demonstrate a viable business proposal to support the loan
Provide written evidence that the required business finance cannot be accessed through mainstream sources of finance. This would usually be in the form of a letter from a bank declining a request for funding.
Be resident in the UK

All businesses must:

Be able to demonstrate a commercially viable proposal for the use of loan funds
Be legal, moral, non-discriminatory and not undertake any activity which may offend public taste
Have been trading for over 2 years before they are eligible for increased funding levels repayable over longer periods

Any loan is discretionary and should not be considered as guaranteed or automatic under any circumstances. It provides opportunities for those who can demonstrate a viable business proposal but who are unable to raise the required funds through other sources.

For further information on the Loan Fund: Telephone: (028) 7776 3555 (Option 2) or email loanfund@enterpriseni.com