Northern Ireland fund lends £1m in nine months
The latest Northern Ireland Small Business Loan Fund has approved support to business of over £1m in its first nine months.
It's the second iteration of the fund, which can lend up to £100,000 to small businesses, sole traders and partnerships.
The fund is managed by Ulster Community Finance on behalf of Invest NI and has potential to lend more than £9m over five years.
Clogher Valley Precision has borrowed from the second round of the fund, using a £50,000 loan to buy an automated machining tool.
Around 400 firms were supported by the first fund.
Please log in or register with belfasttelegraph.co.uk for free access to this article.
Belfast Telegraph
