Practical guide

SME Finance and Loans

Finance may be available through lenders or development finance institutions for eligible businesses.

Overview

Finance may be available through lenders or development finance institutions for eligible businesses.

Documents to prepare

  • Financial statements or forecasts
  • bank statements
  • quotations
  • cash-flow projections
  • business details and security information when required.

Steps to take

  1. Compare cost of finance, repayment schedule, collateral requirements and consequences of default
  2. Never sign documents you do not understand.

Before you apply

Read the complete eligibility criteria and check the official closing date. Keep your own copies of documents and submission confirmations. Funding decisions are made by the relevant provider, not Torch Careers.

Never pay an unknown person to “guarantee” a grant or bursary. Verify offers using contact details published by the official provider.

Official resource

Use this link as a starting point and confirm current programme details directly with the provider.

Keep a record

  • Deadline and eligibility criteria
  • Documents submitted
  • Confirmation or reference number
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