Loan scheme

PRIME is a member of the Community Finance Development Association (CDFA). Historically it has offered loans on a non-profit basis to people over 50 seeking funds to become self-employed or set up their own business. Applicants had to have been turned down by the regular High Street banks and also meet the scheme’s other strict eligibility criteria.

We have now closed our current loan scheme to new applicants as of the 12th of July 2011 until further notice. We are preparing a new scheme so watch this space. This time new applications will only be considered from over-50s already registered with PRIME and on the PRIME programme.

Over 50s are of course very welcome to sign up for free start-up pack and PRIME Business Club membership to get started on the programme.

Some past and present borrowers

• Wed, 06 Oct 2010 14:43:17 +0000: Tony Storer, Storers Store - PRIME business club » Borrowers
  With over 30 years of experience in the construction industry and 15 years service with the same employer, Tony was made redundant in October 2009. Since then, he applied for countless jobs but due to the recession and being over 50, the outcome was fruitless. He still had to maintain all his regular outgoings which - - - read more >
• Fri, 02 Jul 2010 15:55:54 +0000: Bob Rawal, Bell Court Packaging Solutions - PRIME business club » Borrowers
  Bob Rawal, 57, contacted PRIME in April 2010 and was sent a free start-up pack. Later that month he went onto apply for a Zopa-PRIME Olderpreneur loan. Bob decided to start up his own business after being made redundant twice in three years. Up until this point he had spent 35 years in the medical - - - read more >
• Sun, 01 Oct 2006 14:00:42 +0000: Mike Crisp of House Hubbies - PRIME business club » Borrowers
  Mike Crisp set up HouseHubbies when he was aged 58 with one of the first loans from PRIME. Five years later the firm is thriving, and has extended its area of operation to two sites in the Manchester and Staffordshire areas. It now employs Mike, his partner Sharon Hocking and nine other people. HouseHubbies (www.househubbies.com) - - - read more >
• Fri, 03 Dec 2004 15:15:53 +0000: Specialist eBay dealer John Connolly - PRIME business club » Borrowers
  John Connolly, 52, realised there was an opportunity for him on eBay when he sold some of his possessions on the auction site after being unemployed for six months. He has now moved on from clearing out his house to selling and repairing cameras internationally. John, a former photographer, discussed and developed his business plan - - - read more >

If you're new here, you may also want to visit our main web site PRIME Business Club where we provide lots of practical information to support clients.