Alternative Sources of Finance | Ulster Bank

Alternative Sources of Finance

Additional support for your business

Can my business benefit? Enterprise Guarantee Scheme

If your business needs to increase cash flow, or gain access to funds to generate growth or development, Ulster Bank and the UK Government could help.

Provided you company's turnover in the last 12 months is less than £41million, the Government could act as guarantor for your next commercial loan.


How does it work?

If you don't have the necessary security to obtain a conventional commercial facility, you can apply to use the Enterprise Finance Guarantee through Ulster Bank.


The Scheme, managed by the British Business Bank (BBB) on behalf of the Government, can be used to support term lending.


Under the scheme, a guarantee for 75% of your loan is provided by the government.


Please note: You remain liable for 100% of the outstanding debt and that normal recovery and enforcement procedures will be undertaken by the bank before calling on the scheme guarantee.

What does the scheme offer?

Variable and fixed rates - The choice your business needs.


Borrow up to £1.2million - The minimum loan is £35,500.


Three month minimum term - and a 10 year maximum loan term.


Payment holidays - A capital repayment holiday can be taken at the start to help your cash flow. If you decide to take a payment holiday, you should be aware that interest will continue to accrue during the duration of the payment holiday, and your payments may increase after you resume payments.

More information about the scheme

If you take a loan under the scheme, you need to pay a 2% premium on the outstanding balance to BBB. Premiums are collected in advance by direct debit on a quarterly basis.


Some sectors are excluded from this scheme, and restrictions may apply to others. Please speak to your business or relationship manager for full details.


Find out more about the Enterprise Finance Guarantee on the BBB website

Alternative Sources of Finance

Invest NI

Intertrade Ireland

Startup Loans Company

Enterprise NI 


Supports entrepreneurs by providing:

  • Schemes 
  • Mentors 
Visit Enterprise NI

UK Business Angels Association 


  • Supporting entrepreneurs by connecting with UK Business Angels 
Visit UK Business Angels Association
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