Alternative Sources of Finance | Ulster Bank


Alternative Sources of Finance

Additional support for your business





Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.


Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

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


Supported by British Business Bank.

British Business Bank Logo

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% guarantee fee on the outstanding balance to Department for Business, Energy and Industrial Strategy . Guarantee fees 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.


The provision by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) of an EFG scheme guarantee does not imply any endorsement or warranty of the bank from BEIS or the UK Government.  


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

Alternative sources of finance


Invest NI

  • Provide financial support directly (subject to eligibility criteria) 
  • Provide expertise to signpost you to alternative sources of funding
Visit Invest NI

Intertrade Ireland

For those businesses looking for alternative means of:

  • Growth finance
  • Seed Funding
  • Business Angel Investment or
  • Venture Capital Funding
Visit Intertrade Ireland

Startup Loans Company

Assisting start up businesses by providing:

  • Advice
  • Business Loans
  • Mentoring
Visit 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

Social & Community Capital

Community business loans for charities and social enterprises that don't qualify for mainstream loans.

Find out more
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General enquiries

Please call 0345 366 5592 (UK)

or if calling from abroad, 0044 2890 538459

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