Loan for business start up: Business Start-up Loans-- How do i get a loan to start a business

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Other useful material for you: free ebook: 12 tips for getting a small business loan

I. Contents of How do i get a loan to start a business

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Startup Loans are aimed at entrepreneurs living in the UK, looking for finance to start a business.The Startup Loans programme aims to boost the UK economy by supporting the development of over 30 000 new business with startups business loans over the course of the next few years – You could be one of them!
With investment of over £110 million to provide business startup loans to young entrepreneurs, this government backed initiative gives applicants a chance to combat high youth unemployment themselves, by making starting a business a viable alternative.
By taking part in the School for Startups Launcher programme you can access a business startup loan of up to £25,000 as well as FREE access to world class business teaching, a 24/7 online community and a mentor.

Are you eligible for a Business Start up Loan?

18 and over?
Are you a British citizen or UK legal resident?
Do you wish to start or grow a business in the UK?

Why take out a Business Start up Loan?

Easy access to finance

Lets be realistic, we’re living through a time when it is particularly difficult to raise money for young business.
With startup loans increasingly difficult to come by via traditional methods such as banks, your next alternative is the 3 Fs (Friends, Family and Fools). If you hit a brick wall with the 3 Fs, you have two options remaining; Get investment & sell equity in your business or take out a business start up loan. Although investment is a viable option further down the line, selling equity in your business at an early stage will inevitably mean selling a relatively big percentage of your business for a fraction of your business’ potential value. Taking out a start up loan provides you with the money you need now and leaves you in full control your business.

Government-backed low-interest business loan.

At one of the lowest interest rates of its kind, these business start up loans offer a hard to come by opportunity to gain the money you need to kick start your business, with fair repayment options.

Non-secured loan

In the current climate, non-secured business start up loans are extremely rare to come by as banks are more stringent than ever about who they lend to, and why they lend at all. Start-up Loans gives you a chance to prove yourself and create your dream business without the usual risks associated with a secured loan. Visit our FAQ section for further information.

Added bonus of business support

In addition to a startup business loan, the School for Startups Launcher programme, will provide with dedicated training and mentoring at no cost. Find out more about the added support you are entitled to if you apply for a start up Loan through the School for Startups Launcher programme.

Credit Checks

Credit checks are now compulsory for all loan applicants and will be carried out by our finance provider, however if you have existing bad credit this will not necessarily impact the success of your application. We will ask you to complete a self declaration form and the information you provide will be compared with the credit check run by our finance provider. We cannot guarantee your loan but as long as the details from the credit check match those on your form we can proceed with your loan. We value honesty from our applicants when completing the Self-Declaration Form, though we do understand in some cases you might not be aware of your outstanding debt. If we have concerns over the level of debt you are in, or if your Self-Declaration form does not match your credit check, we will discuss this with you first before making a decision on your application.

Loan Repayments

To calculate the approximate repayments on your business start up loan, please download our Approximate Repayments Spreadsheet. You will need these numbers for the cash flow statement you need to submit with your start up loan application.

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II. Business loan videos

1. How to get small business loans from banks, private lenders and microloan lenders

2. Tips for Getting a Small Business Loan from Joaquin Gallardo of Wells Fargo

III. Business loan ppt

1. How to Get a Small Business Loan Fast!

How to Get a Small Business Loan Fast! from The Fast Business Loan Network

2. How To Get a Business Loan with Bad Credit

How To Get a Business Loan with Bad Credit from The Fast Business Loan Network

Loan for business start up

Friday, November 21, 2014

Business Start-up Loans-- How do i get a loan to start a business