We calculate the monthly repayment amount based on the size of the loan and your credit status. Some lenders will also allow a business owner to take an unsecured loan to help buy out a co-owner. Sometimes such lenders will want to see a Share Purchase Agreement drawn up, to demonstrate you are serious about the move.
The Government grant does not need to be paid back, there is no interest payable and you retain all the equity in your business. A Government loan, as loans in general, will need to be repaid with interest, whereas a grant does not. You may have heard we plan to begin a phased withdrawal fromUlster Bank’s Republic of Irelandbusiness over the coming years.
To apply online you must be trading as a sole trader, partnership or limited company in Northern Ireland. It can help to buy essential business equipment that will help build … Read More