Kent and Medway Business Fund Standard Loans
About the KMBF Standard Loan
The KMBF Standard Loan offers 0% loans between £100,000 and £600,000.
We welcome applications from established small and medium-sized businesses in Kent and Medway, who are looking to grow their business. Businesses looking for start-up funding can apply for a Small Business Boost.
It can help to develop new or expand existing products, services or processes. In turn it can create new jobs, deliver business growth and improve productivity.
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Find out about how to apply for a Kent and Medway Business Fund Standard Loan - video transcript
Terms of the loan
The loan terms are:
- A 10% administrative charge is applied on payment of funds.
- It must be at least 50% match funded from private sources such as business reserves and bank loans
- Security will normally be required to cover the full value of the loan. Personal guarantees may also be requested
- All eligible businesses can have a loan repayment period of 5 years or less.
Eligibility
You can apply for a loan if you:
- are a sole trader, partnership, limited company or a not-for-profit business
- are based in, or looking to locate to Kent (including Medway)
- are seeking between £100,000 and £500,000
- are creating sustainable jobs
- may be protecting sustainable jobs
- currently have fewer than 250 employees
- are currently viable, not in difficulty and not subject to collections or collective insolvency proceedings
- are developing or expanding products, services, or processes that will lead to new jobs, deliver business growth and improve productivity
- can identify innovation within your project
- can provide security and personal guarantees for at least a value equal to the loan capital and administrative charges over the term of the loan
- are able to provide 50% match funding from private sources.
Due to the loan being over £100,000, security or personal guarantees will automatically be required.
Who cannot apply
You cannot apply if your business is:
- a franchise
- an organisations engaged in political activity or lobbying at any level or activity of an exclusively religious nature.
Restrictions do apply to primary production and processing of agricultural products (please read section 6 of our guidance for applicants for further information.
Apply for a Kent and Medway Business Fund Standard Loan
Before completing the pre-application form, we recommend that you read our guidance notes for prospective applicants (PDF, 948.7 KB).
Complete the pre-application form
Pre-applications opened on November 21 2023 and will close when funds run out.
If you have any questions about your pre-application email kmbf@kent.gov.uk. For general, financial or premise advice visit our business support page.