New unsecured business loans for construction industry

The ‘Unsecured Tradesman Loan’ was launched by CWRT in response to the recent KPMG report on the difficulty that the construction industry faces in raising finance from their bank.

Funded by the government and the European Regional Development Fund, the ‘Unsecured Tradesman Loan’ offer local businesses:

• loans from £10,000 to £15,000
• loans which can be used for most purposes including working capital, purchase of equipment, recruitment of staff, specialised training courses
• loan terms of one to three years
• no administration fees
• no early termination fees
• fixed interest rates of between 11.5% to 16.5% (reflecting level of risk)
• a rebate equivalent to a 1% reduction in the interest rate if payments are made on time

For more information, call CWRT’s team on 02476 551 777 or email enquiries@cwrt.uk.com.