The entire team at Purple Circle works tirelessly to continuously give our members the best. With an attitude of “great is not good enough”, we’ve been turning heads and pricking ears since our founding in 2016.
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The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.
The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:
Businesses with a turnover of up to $50 million.
Maximum total size of loans of $250,000 per borrower.
Loans will be up to three years, with an initial six month repayment holiday.
Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.
