(NISBLF)

The Northern Ireland Small Business Loan Fund is administered by our fund management company, Ulster Community Finance Ltd, on behalf of Invest Northern Ireland.

Set up to provide access to finance for small businesses, sole traders and partnerships who are keen to develop their business but find it difficult to access funding through traditional sources.

During 2018, Ulster Community Finance was awarded the contract for the second Northern Ireland Small Business Loan Fund. With the loan support level now increased to £100,000 the new Fund has the potential to lend over £9million to local SMEs, helping them to optimise their potential through investment.

NI Small Business Loan Fund II

(Revolving £5.5m loan fund managed by Ulster Community Finance Ltd on behalf of Invest Northern Ireland commenced July 2018)

Figures to 31 December 2020: 

NISBLF

Quintess Denta

Securing supply chains during the Covid-19 Pandemic.

Quintess Denta is a distribution company for the dental sector, established in 2008 as a dental handpiece repair business.  Based in Irvinestown, it employs twelve people and has a sister company, Quoris 3D which specialises in leading edge digital technology.

At the beginning of the coronavirus pandemic, the closure of dental surgeries meant cashflow dried up almost overnight, so CEO James Hamill and his team had to move quickly to identify new opportunities.

They contacted PPE suppliers in China and Europe who they already had relationships with and secured a supply chain into Northern Ireland.  When the PPE arrived after twelve weeks, they were able to supply local government organisations, local businesses in the hospitality and dental sectors who needed it urgently.

Quintess Denta

“The £70,000 funding from the NISBLF allowed us to bridge a gap when cashflow was non-existent and combined with the income from the sale of PPE, enabled us to create a buffer and reinvest in the company.  While it was a hugely stressful period, this activity gave everyone a common purpose, brought the team together, making us stronger and better than ever.  We’re now using the funds towards futureproofing the company further by opening a world class dental education centre in Fermanagh, the L.S Browne Centre, due to launch in April 2021.”

James Hamill, CEO Quintess Denta.