Financial Support

Gateway to finance

Eligibility for Northern Pinetree Trust Loan and Grant applications

DIsability, Offender / ex offender, Veteran or ex services, unemployed, recently redundant or at risk, young person aged 18-30

50+, resident of deprived area, additional support needs, employment support allowance or disability living allowance benefit claimant

 

Spirit of Enterprise

 

 

• A specific loan fund for eligible NPT clients
• for business start up or business expansion
• Clients must reside in the North East of England
• Fixed inerest rate of 10%
• Investment readiness support
• Loans range from £1000 - £5000, average £2500 for a maximum 3 years
• Loans are unsecured
• Mentor support
• Support with loan application
• Discretionary grant fund available upto a maximum of £1250 subject to private match funding from client

RGF1 Loan Fund Application Form

 

The start up loan:

• Specific to clients between the age of 18 and 30
• For NPT eligible clients (see above)
• Micro business start up loan - for clients seeking to start up or have started in business within the last 12 months
• A loan with a low fixed interest rate of 6%
• Loans between £1000 - £5000, average loan £2500 for a maximum 3 years
• Loans are unsecured
•  A grant with every loan e.g. £1000 loan /£250 grant
• Access to our business / mentor support programme
• A business support package offering access to:

  6 months free use of a virtual office

  A free eBay store for 3 months

  Discounted Paypal rate for 6 months when taking out a PayPal business account

  free website for 6 months

  24 months free access to QuickBooks online (accounting software)

Start up loan application form

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Help accessing other Grant / Loan funds

Referral to and partnerships with other providers