Business loans

[freshventures]

We are looking at a business loan - is it possible to obtain unsecured loans still?

[Gillie]

You should ask for this thread to be moved to the accounts section of the forum ...

However, depends how much you want and if you have excellent credit ... and what its for as well. Not offerered very much at the moment however.

[Online Trader]

Take a look at this:

http://www.berr.gov.uk/bbf/enterprise-smes/info-business-owners/access-to-finance/sflg/page37607.html

[Gillie]

Ah but what that link doesnt tell you is that DBERR only guarantee 75% of the loan the other 25% is still at the banks discretion and with the market as it is as such at the moment ... they will not loan large amounts of money unsecured.

Also there are certain conditions to be met as to what the money is to be used for and how much the company is worth and how long it has been trading .... unfortunately, at the moment, nothing to do with money is easy .. however, its not impossible!! ;)

[freshventures]

We only require around £6k to kick start some marketing so its not huge sums in the scheme of things.