Cash-strapped companies in the West Midlands can apply for funding from a new £4 million programme.

Following a special regional economic summit held in Birmingham that was attended by Business Secretary Peter Mandelson, Advantage West Midlands have launched the Transition Loan Fund to help firms overcome the credit crunch.

Commercial loans of between £50,000 and £250,000 are on offer to help SMEs that are facing difficulties in obtaining credit through traditional sources during the current economic slowdown.

For more information on the Transition Loan Fund, contact Paul Wheeler or Norman Gascoigne at AWM’s Advantage Transition Bridge Fund team on 0121 200 8195.
Friday, November 21, 2008