DONBAC LAUNCH 2 NEW PRODUCTS to help clients in the economic downturn
Donbac has responded to the call to support local business and providing access to more finance with the launch of "2009 BUSINESS ECONOMY CAPACITY LOANS", to add to the existing range of unsecured funding. These are flexible unsecured loans for short term working capital needs and a very good option for clients who are unable to raise all the necessary funding they need from their bank and can demonstrate the need due to the economic downturn.
Donbac's Loan funds manager Arthur Foreman commented: "We have seen highs and lows of the economy and the effects on our business community since Donbac was established over 20 years ago and in 2009 once again we are faced with challenges of supporting business through the toughest of times.
2009 Business economy capacity loans:
- Interest only loan
- OR Interest and capital
Interest and capital loan: £1k - £15k; 7.5% per annum flat rate. 2 years maximum repayment period.
Interest only loan: 1.6% per month: £1k - £15k; 2 years maximum with option to convert to capital repayment during period.
A 2% fee for arrangement and monitoring applies.
For more information regarding Donbac Loans and the Chamber articles and factsheets, contact:
Donbac on 01302 341070 or Email: info@donbac.co.uk
