| What are the benefits of the
scheme? |
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Competitive rate (1.25% margin over LIBOR with the option of a 0.25% rebate
giving a net rate of only 1% over LIBOR)
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Loans are available for a period of up to 10 years
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NO early repayment penalty
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NO bank fees
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NO security fees (other than out of pocket expenses)
-
Fee free overdraft up to 3.5% of business sales turnover with an interest rate
capped at 2.25% over base rate.
-
Specialist banking Relationship Managers through The Royal Bank of Scotland and
the National Westminster Bank.
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| For what purposes can the
loan be used? |
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Acquisition of a pharmacy
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Shop expansion
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Relocation
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Shop re-fit
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Refinancing of existing debt
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| How much finance can I
obtain? |
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Normally a maximum of 80% of the project cost - this may run into millions of
pounds!
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A minimum £25,001 can be borrowed by sole traders
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A minimum of £5,000 can be borrowed by limited companies.
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