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Business circumstances

  • Located and trading within England, Scotland or Wales
  • Majority of revenue generated within England, Scotland or Wales
  • Trading for less than 24 months
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Personal circumstances

  • A personal current account in your name that can accept Direct Debits
  • Completed the DWP New Enterprise Allowance (NEA) mentoring scheme with an assessed Business Plan
  • Have not already received a government-backed Start Up Loan
  • Be legally entitled to live and work in England, Scotland or Wales
  • Have a permanent address and live in England, Scotland or Wales
  • Aged 18 years or older
  • Non UK and non-European Economic Area citizens must provide the necessary Visa documentation to confirm their eligibility to live and work in the United Kingdom without any restrictions for a period at least 6 months longer than the duration of the loan repayment period.
  • Not be subject to formal insolvency, including Individual Voluntary Arrangements (IVA), Debt Relief Orders (DRO) or bankruptcy
  • Include all debt repayments in your Personal Survival Budget

For help when filling in application forms, guidance or further questions about the loan fund:

Email: NEAenquiries@newable.co.uk
Customer helpline: 0333 005 0475
Please note office hours are Monday - Friday 10:00-16:00
Business Finance Solution Collections Team: 0161 245 4900

www.businessfinancesolutions.org.uk

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Newable Business Loans Ltd (FRN: 700160), Newable LLF Ltd (FRN: 718449) and Newable RGF Ltd (FRN: 716799) all t/a Newable are authorised and regulated by the Financial Conduct Authority