Aberdeen City Council Lifts Finance Barrier for SMEs, Will Help Create Jobs
Aberdeen City Council announced Monday that it has joined Business Loans Scotland to help lift the finance barrier for small and medium enterprises.
Offering primarily growth funding, existing SMEs can apply, up until September 30, 2018, for a minimum loan of $31,474 (GBP 25,000) and a maximum of $125,880 (GBP 100,000). Match funding is required for each application.
“Funding can be one of the greatest challenges facing a business and we are pleased to be playing a part in supporting small businesses, helping them add to the city region’s economy,” An Aberdeen City Council spokesperson said in an organization statement.
“The key objective is to support the growth of existing SMEs in regional, national and international markets. This will help create and safeguard jobs…We are committed to investing in a bright and prosperous future for the people of Aberdeen and the businesses in our city,” the spokesperson added.
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