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What is the maximum I can borrow?
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Generally loans do not exceed £7,500 for business Start-ups and £20,000 for existing business. |
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What is the interest rate for loans?
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4% above Bank of England base rate |
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Do you fund stock/working capital?
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No, the fund does not provide working capital finance or any cashflow related expenditure. |
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What are eligibility criteria for loans?
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How long will it take for a decision to be made following a Loan Application?
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If all the information is presented as requested, our aim is to make a decision within 28 working days from the receipt of your completed application. |
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Do you have Business Advisers/Consultants who can help me develop my Business Plan?
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No, however if you want to book appointment with a 3b Business Adviser you can be advised on the best course of action/referral to an agency which can actually help you with your Business Plan. |
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Can you help me to find premises, do you have list of available premises?
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Who do I enquiries about Business Village Units on site?
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Contact BK Property Consultants direct on 0121 200 1100. |
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Does 3b provide business grants?
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Unfortunately no. We only offer loan support to our clients through the Phoenix Loan Fund. However we do endorse client applications to aid them to secure available grants from various grant regimes e.g. Birmingham City Council (BCC) Economic Development Department (EDD), the Arrow Fund, DTI Enterprises Grant etc.
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