Success Doncaster

January 2010

The New Year is an excellent opportunity for you to realise your potential and begin turning any enterprising idea you may have into reality. With the aid of the Success Doncaster loan fund, you can make this happen.

The loan fund, delivered by Donbac, is available to businesses throughout Doncaster for almost any reason and is a quick way for businesses to raise capital. There are no charges and interest rates are very low.

Sandra Dowson of Doncaster business Elite Bridal Wear is one the many success stories of the Success Doncaster loan fund. Having benefited from other aspects of the programme, Sandra found she needed to raise capital in order to be able to design a new website and attract business from further afield.

Sandra said: “Without the Success Doncaster loan fund I would not have been able to raise the funds to promote my business on the internet and reach out to customers that I would not normally be able to reach.”

Nicky Clements’ Splash Painting and Decorating is another business that would have struggled without the help of the loan fund. She said: “Thanks to the Success Doncaster loan fund I have been able to purchase a van which is vital in my line of work.”

There are two types of loan available, the micro loan of £2,000 is available to new businesses that have been trading for less than six months and loans up to the value of £5,000 are available for businesses that have been trading for more than six months.

These loan funds are a great way for local businesses to access capital without having to pass vigilant security checks meaning they are more accessible than loans through the usual high street channels.

Councillor Jonathan Wood, Cabinet Member for Business and New Enterprise, said: “The Success Doncaster loan fund is already proving to be a success with a number of Doncaster businesses due to its fantastic offer. Now is a great time for more businesses to take advantage of this opportunity.”