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Monday, February 17, 2020

Local dance tutor is jumping for joy after receiving 5-figure loan from Business Loans Scotland

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Leanne MacKay, Owner of Leanne MacVeigh Dance Academy has been granted a loan to expand her dance academy in Alford.

Leanne explains how vital the support from Business Loans Scotland has been in helping her develop a brand new purpose built studio for her fast growing performing arts school:

“Business Loans Scotland granted me a loan of £37,000 to match my personal savings which has meant been able to turn 2 industrial units into an amazing dudio complete with waiting room, toilets and small kitchenette.

“Having my own dance studio means that I am now able to add the additional classes for the children waiting, and generate more income from the addition of studio hire and parties.”

“The studio will also create a safe and welcoming environment that my students can call home from. I found the process from beginning to end with Business Loans Scotland very simple and would looking to fund their next project to apply.”

Fully funded through the Scottish Growth Scheme and the European Regional Development Fund (ERDF), Business Loans Scotland has currently invested in 30 Scottish SMEs, with this figure expected to rise to over 100 by the end of 2021.

Providing loans from £25,000 to £100,000, Business Loans Scotland strives to ensure that good, viable proposals don’t fail from a lack of access to finance and will fill any funding gaps providing up to 50% of the total finance required.

With the help of loans totalling £2,047,175, these 30 Scottish business owners have been able to aspirations without delay.

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