Products

Our Products

loan approved cartOur 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
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.

Warwick Mill Business Loan
Available to businesses which are resident at Warwick Mill Business Centre, Carlisle. This loan is designed to give both existing and 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.

Carlisle Enterprise Centre Loan
Available to businesses which are resident at Carlisle Enterprise Centre on James Street, Carlisle. This loan is designed to give both existing and 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.

Services

Business Plan Writing

Business plans are an important document for most businesses, whether you are a self-employed sole trader or a large organisation with several employees and are used by many to measure milestones and determine future growth ambitions.

Business plans now form an integral part of almost all applications a business may submit to support grant and finance applications.

At CART, our fully accredited business advisers* can provide business plans for most businesses, of up to twenty employees. Our advisers will discuss your requirements with you, tailor a business plan to meet your needs, agree a timescale with you to complete the plan and provide you with a no obligation quote.

Please note, we are unable to prepare business plans to support a loan application to CART.

If you think we can help, please contact us: email us at admin (at) ccart (d0t) org (dot) uk for further information.

* Denotes accredited to SFEDI standard.