Barclays Announces £14 Billion Dedicated SME Fund

 

Barclays Bank has announced a £14 billion lending fund as part of a series of initiatives to help small and medium-sized businesses (SMEs) succeed, grow and flourish through Brexit and beyond.

Focused on building SME resilience during uncertain times, the package of support includes a dedicated lending fund for businesses with a turnover of up to £25 million.

The package comprises business loans, commercial mortgages and overdrafts, including unsecured loans of up to £100,000 and unsecured overdrafts of up to £50,000.

The fund is aimed at UK SMEs at several stages of growth and development, for example:

  • Established businesses with ambitious growth plans.
  • Start-ups with high growth potential.
  • Companies with early-stage equity funding.
  • Businesses focusing on innovation, R&D and technology.

The support is available to both Barclays customers and non-customers alike.

Applications are accepted at any time.

 

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