Ponteland computer and technology repairs company Fortress Computers has secured a £7,000 loan from the Finance for Business North East Microloan Fund to bankroll its expansion plans.
The West Road business fixes computers and other devices and also sells refurbished PCs, and it plans to use the new kit it is buying to expand the range of community-based services it offers.
The firm, a data recovery specialist, also intends to hire more staff to carry out home visits.
Owner Alan Pattinson decided to apply to the fund, managed by Newcastle’s Rivers Capital Partners, after he was told about it by York-based financial advisory service What Partnership.
He said: “It was an easy, quick process guided by people with friendly personalities.”
Alan hopes to open a branch in Newcastle, employing more staff, and eventually acquire a van kept permanently on the road to provide a home service.
He is also keen to help provide premises in low-signal areas such as Belsay, Stamfordham and Matfen with better broadband.
Rivers Capital Partners trainee investment executive James Holloway said: “It is rewarding to work with a thriving business that aims to be an integral part of the community, as well as providing reliable, high-quality services.”
The North East Microloan Fund provides loans of £1,000 to £25,000 to businesses that have been struggling to secure mainstream finance.
It can also provide affordable finance for those with a poor credit history.