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Our Products
Our Loans are designed to help new businesses start up and grow, established businesses to expand and develop or to set up social enterprises.
Loans of between £1,000 and £50,000 are available over a maximum repayment period of 10 years.
Examples of monthly repayments based on the current rate of 12.0% and arrangement fee of 1.5%:
| £3,000 over 12 months |
APR
15.8% |
£266 per month |
| £5,000 over 24 months |
APR
14.3% |
£235 per month |
| £7,500 over 36 months |
APR
13.8% |
£249 per month |
| £10,000 over
48 months |
APR
13.5% |
£263 per month |
| £15,000 over
48 months |
APR
13.5% |
£395 per month |
| £20,000 over
60 months |
APR
13.4% |
£445 per month |
| £30,000 over
72 months |
APR
13.3% |
£586 per month |
| £40,000 over
84 months |
APR
13.2% |
£706 per month |
| £50,000 over
120 months |
APR
13.0% |
£717 per month |
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The current interest rate for all loans is
12.00% |
| All loans are subject to an arrangement fee of
1.5% to 2% of the amount borrowed. Security and monitoring
fees may also be payable. |
SPECIALIST
LOAN PRODUCT
Cumbrian Small Firms Incubator Loan
This loan is available to businesses which are resident at the
incubator units or the Food Technology Park based at Cumbria Rural
Enterprise Agency, Redhills, Penrith or at the Lake District
Business Park, Mint Bridge Road, Kendal. This loan is designed to
give new businesses occupying premises for possibly the first
time, access to a quick and affordable solution to finance, for
example some of the equipment, tools and vehicle they may need.
This loan is capped at a limit of £5,000 repayable over a maximum
term of 36 months. The interest rate is fixed at 9.95% with no
arrangement fee.
CLICK
HERE for details
Applications packs are available from the downloads
page of this website or by telephoning CART on 01768 867118
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