Business Development Manager
The British Business Bank launched the South West Investment Fund (SWIF) in July 2023 to provide funding for growing small businesses. Details: https://bit.ly/3pv9v06The FSE Group is an investment manager delivering part of this fund (debt and equity finance) across Dorset, Somerset (excluding North Somerset & Bath and North East Somerset unitary areas) , Devon, Cornwall and the Isles Of Scilly. I am seeking opportunities for the South West Investment Fund:DEBT FINANCEBroad parameters:Loan amount: £100,000 - £2millionLoan term: up to 5 years with a capital repayment holiday, typically up to 6 months Security: debenture; limited unsupported personal guarantees may be required depending on risk assessment; legal assignment of Keyman insurance policy may be takenInterest charges and fees: variable, reflective of risk Eligibility: to apply, the business must:1. have a proven business concept with some commercial traction (i.e. existing sales and customers)2. have compelling commercial potential and a viable business plan with projections that the fund can lend against 3. a committed management team with relevant background/experience4. require finance to invest in scaling up activities that will deliver substantial growth impact such as: -sales & marketing -hiring new staff -new product development -entering new markets -exporting abroad -purchasing new equipment
