Products and Services
Donbac Business Loans
£10,000 to £50,000 (Enterprise Loan):
Interest usually in the region of 14% pa: arrangement & monitoring fees may be payable (1% each) dependent on circumstances. Enterprise Finance Guarantee (EFG) utilised subject to eligibility.
£1,000 to £10,000 (Microloan):
Interest 14-18% pa dependent on individual circumstances: arrangement and monitoring fees (1% each) may be payable. Typical APR 16.6% (based on a loan at 14% with 2% fees repayable over 36 months).
BUSINESS LOCATION
South Yorkshire i.e. paying rates to Barnsley, Doncaster, Rotherham or Sheffield
*The criteria and terms & conditions of the Donbac Business Loan are currently under review pending the development & launch of the ERDF supported Finance for SMEs & Social Enterprises, a fund to be delivered across Yorkshire & Humber by the Region's CDFIs, including Donbac. Indicative interest rate parameters for the new fund are 11-14%.
Loan Eligibility and application procedures
