CWRT is pleased to be delivering another package loans on behalf of Warks CC.

The £150,000 scheme is providing loans to small and medium sized enterprises (SMEs) in Warwickshire that have been unable to raise sufficient, if any, finance from their bank.

The loans can to be used for expanding operations, obtaining new premises, and purchasing new machinery or equipment, The scheme has the following features:

  • Loans from £1,000 to £75,000;
  • Typical terms of one to five years;
  • No minimum term;
  • Low arrangement fees;
  • Fixed interest rates of between 9.75% and 18.75% Relevant loan conditions including personal/ third party guarantees, charges on equipment or property, etc;
  • Flexible repayment schedules; and
  • No early repayment penalties.

WCC can only fund loans to businesses for the purposes of Capital Expenditure (and not working capital).


Small and medium sized enterprises (SMEs) are defined in EU law. SMEs must have fewer than 250 employees and either annual turnover or balance sheet assets below €43 million. Relationships with other enterprises are also taken into account (for example, where a business is part of a larger grouping).


Representative example for an unsecured business loan of up to £25,000.

Annual Interest Rate (variable) of 13.25% p.a, arrangement fee (5% of the value of the loan drawn down),with a representative 16.6% APR based on borrowing £20,000 and repaying over 60 months with 60 monthly repayments of £480.55 with a total amount repayable of £28,833.00

All loans are subject to an arrangement fee from 5% of the amount borrowed. Security and monitoring fees may also be payable.

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