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.
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