buissness loans

[super chip]

Hi there

Are there any low interest lenders to small businesses /start up companies ????????

 

[Billmccallum]

probably easier to get a personal loan, particularly as personal loan interest is usually lower than business.

for example http://www.tescobank.com/loans/index.html?atlassource=paid&cmpid=search/Google/Generic

http://www.moneysupermarket.com/loa...898&Device=c&gclid=CPuy5qyZ0rgCFbLMtAodyWMACQ

 

[Billmccallum]

for business loans see http://www.moneysupermarket.com/bus...898&Device=c&gclid=CL3sqIea0rgCFZIPtAodankAqw

 

[InPrintImaging]

probably easier to get a personal loan, particularly as personal loan interest is usually lower than business.

for example http://www.tescobank.com/loans/index.html?atlassource=paid&cmpid=search/Google/Generic

http://www.moneysupermarket.com/loa...898&Device=c&gclid=CPuy5qyZ0rgCFbLMtAodyWMACQ

The only problem with that approach is that the bank is unlikely to be sympathetic/willing to help you if you forestall, and indeed may well cancel the loan altogether if they find out you have been using it for business purposes (breach of contract).

 

[alice_p]

Not applicable if you're a start up, but good for small businesses - https://www.capiota.co.uk/

http://moneyfacts.co.uk/business/business-loans/ - comparison of the banks

http://www.money.co.uk/loans/business-loans.htm - suggest Wonga, have you tried?

 

[businessfunding]

I agree that your most effective avenue is likely to be a personal loan - assuming you are currently in employment. (and don't have 'issues' with fraudulent applications)

The Government Start Up scheme might help you - otherwise you need to be putting together a strong & supported proposition to entice a bank to lend to you.

 

[Sincy]

I was looking to raise some finance for a new venture in my business and was turned down by the bank. I looked at business angles and also at Crowd Cube.

Has anyone looked at Crowd Cube? They seem to be a method for you to get a number of investors and raise the finance you need. I was directed to this by someone at a small business forum at my local council. It looks to be pretty simple but I can see that there may be pitfalls with this method of raising finance.

 

[businessfunding]

Crowd Cube are good at what they do - which is crowd-based (peer-to-peer) equity finance

However, as with all crowd products it isn't an easy option or a soft touch - you need to invest a lot of time & potentially money - into putting together a strong and fundable proposition to investors.

 

[arcon5]

The only problem with that approach is that the bank is unlikely to be sympathetic/willing to help you if you forestall, and indeed may well cancel the loan altogether if they find out you have been using it for business purposes (breach of contract).

Possible I guess, but very highly unlikely. So many people use personal credit for business purposes its unreal.
If you did default and they did cancel it then it doesn't change anything still, you just agree a payment plan with the debt collectors.

 

[RufusC]

There is exactly this sort of thing!

search for "start up loans"(.co.uk)

You can get a loan of up to £25,000, low interest which goes on the strength of your business plan.

Credit rating is not a large factor for the loan but you do need to be aged between 18-30.

 

[bampoisongirl]

There is exactly this sort of thing!

search for "start up loans"(.co.uk)

You can get a loan of up to £25,000, low interest which goes on the strength of your business plan.

Credit rating is not a large factor for the loan but you do need to be aged between 18-30.

Is there anything like this available in Scotland?

 

[arcon5]

I think you need to go with development finance loan and need to buy some property for business purposes. You will get 250k to 100m easily. Don't afford of interest payments while buying new property but plan wisely. You know that in order to succeed you need to take risk. Don't worry be happy.

Thank you

Wow very optimistic there! Startup company getting up to a £100m loan, and here's most established business' struggling to get a tiny fraction of that

 

[businessfunding]

Wow very optimistic there! Startup company getting up to a £100m loan, and here's most established business' struggling to get a tiny fraction of that

I wonder if we can broke it - could make millions!

Well targeted spam

 

[Billmccallum]

I think you need to go with development finance loan and need to buy some property for business purposes. You will get 250k to 100m easily. Don't afford of interest payments while buying new property but plan wisely. You know that in order to succeed you need to take risk. Don't worry be happy.

Thank you

web site registered this year, but have 20 years experience in the sector?

no address, no phone number, no contact details for any staff......

makes one wonder - what experience?

 

[businessfunding]

web site registered this year, but have 20 years experience in the sector?

no address, no phone number, no contact details for any staff......

makes one wonder - what experience?

I was suspicious at first, but now ive read that they have a profound knowledge it has put my mind at rest

In reality, why do you want to know who they are, whether they have CCL or DPA licences or even what their T & Cs or privacy policy are? it's only money