NEL Fund Managers reaches small loan fund milestone

NEL Fund Managers reaches small loan fund milestone

NEL Fund Managers has made its one hundredth Small Loan Fund investment.

The firm manages the £9m pot, which is supported by the European Regional Development Fund and offers loans of between £10,000 and £100,000.

NEL began making Small Loan Fund investments in businesses across Tyne & Wear, Durham and Northumberland in spring 2018 and reached its century after investing £15,000 in Gateshead-based web design and digital marketing agency Advertise1.

Source: Insider Media

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