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Fully funded because of the Scottish Bodies, Loans Scotland (BLS) possess awarded fund so you’re able to 130 organizations across the Scotland to date, totalling over ?nine.eight million.

Makar Technologies has received several ?fifty,100 money regarding BLS, allowing the business to help you double its development functionality and also discharge its own range of products.

How BLS helped Moray established Makar Development

Experts in electronic design, Moray mainly based Makar Technologies has expanded rapidly since the the inception when you look at the 2015. Provided because of the an incredibly experienced electronic devices create and you may build class, the organization focusses to your providing quality systems from the an easily affordable price, and are also among the UK’s best EMS solutions providers.

Which have team roaring and you can purchases continuing to rise, David Queen, Director regarding Makar Technologies, recognized an importance of additional funds to greatly help restructure the modern business and permit the organization to grow to get to know the prerequisites out of increasing buyers consult.

Approaching Loans Scotland (BLS) included in more substantial investment plan, Makar Development first acquired that loan to possess ?fifty,100000 to support the business from this progress period, permitting its creation power to twice in size by purchasing and you will introducing a second creation line and incorporating improve attempt process.

Speaking of the fresh financing granted, director away from Makar Innovation David Queen told you: “Just like the an earlier however, fast growing providers, the availability of additional fund to purchase equipment and invention services procedure are essential.

“Performing directly having Company Loan Scotland historically have aided the organization to cover its development for the lowest level of difficulty. Handling the dedicated Membership Movie director and using its online webpage made the application form processes easy.

“Their service have helped the company to grow of a-start-up business employing cuatro teams to help you a business today using their 40 professionals right now when you’re bringing more two hundred equipment selections into British and you can worldwide technical market.”

SMEs in Scotland shouldn’t be scared of asking for a loan

Pursuing the effective increases phase of company, Makar Innovation reached BLS to possess an extra round away from financing and were granted a supplementary ?fifty,100000 mortgage.

The firm plans to invest which 2nd mortgage on the developing the own range of products that’ll let the organization to go regarding are a contract centered build and you can production providers to help you a great tool mainly based brand new devices brand.

King added: “Once the a top technical framework, production and you will provider organization we should instead verify we could bring our very own readers and you may people which have market top capabilities and circumstances.

“Over the past five years Makar Technologies Ltd was in fact increasing within the conversion process and you can development features seasons on the seasons and therefore has required an advanced off inwards and external funding.”

Help small and mid-sized organizations all over Scotland that have money so you’re able to start-up otherwise develop, BLS give money out of ?twenty five,000 in order to ?250,100 to make certain that theoretically viable proposals don’t fail regarding too little accessibility money.

Andrew Dickson, Financing Movie director off Business loans Scotland said: “I am delighted one Business loans Scotland could have been able to support Makar Tech Ltd with the funds necessary to speed the increases arrangements or take the firm to a higher level.

“You will find without doubt that the party within Makar Tech features a captivating approaching year as they improvements on the development of their very own product range and that i need to David and you can the cluster continued triumph for the future.”

For additional info on how BLS may help changes your organization, check out the BLS webpages, where you are able to together with make an application for a loan today.