Investment Criteria

Evolve Finance can only lend to businesses that:

- are small and medium sized, (Click here for a definition)

- fall within our geographical coverage (Tyneside, Wearside, Northumberland, Durham and Tees Valley)

- are seeking between £15,000 and £500,000 of mezzanine finance (click here for a definition of mezzanine finance)

- have traded for more than six months and require development capital, or wish to fund management buy out/ in transactions.

- have a good quality business plan

our funds are excluded from investing in some sectors. Click here to find out more. Please note this is not an exhaustive list, contact a member of the team for further information.

Should you meet these criteria please read the outline terms and conditions below.

Outline Terms and Conditions

Interest and Repayment

Loan periods

All loans will be unsecured and typically have terms of between three and five years. The length of the relationship will differ in each case as finance will be structured around the cash flow profile outlined in your business plan.

Interest

UK reference rate + 4%.

Equity conversion option

Included in all investments (a maximum of 10% of voting share capital).

Ongoing Relationship

In accordance with the loan agreement signed by both parties you will be required to provide us with monthly management accounts and other financial information.

All businesses which have successfully applied for loans will be assigned a mentor at a highly subsidised cost. The mentor will assist you in achieving the goals outlined in your business plan and is wholly independent of Evolve Finance.