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The SEEDA Fund

Bridging Mezzanine Debt Fund/Transition Loan Fund

As a direct response to business need resulting from the credit crunch, SEEDA, working with Finance South East, has established the £3m Bridging Mezzanine Debt Fund (BMDF).  The BMDF makes assistance available to businesses rapidly.

Key elements of the BMDF are:-

·        Unsecured loan up to £148,000

·        Up to one year term, which can be extended on request

·        No capital repayments or interest payments until maturity

·        Rolled up interest so payment is at maturity

·        No notice to repay loan as other funding becomes available

·        No arrangement fees

These elements ensure that the fund does not compete with the commercial sector whilst also being attractive to viable businesses because of the ‘rolled up’ interest and unsecured status of the Funding.

Further information on BMDF is available through Business Link on contact details above, or Finance South East (01276 608510 or www.financesoutheast.com).