Investment Criteria

The Evolve Mezzanine Fund 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 up to €200,000 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 three years.

Interest

UK reference rate* + 4% to 10%.

* A rate determined by the EU, which tends to be higher than the UK base rate. Contact Evolve Finance for the current rate.

Equity option

Included in all investments.

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.