New Business Finance Choices?

[Bizicycle]

Hi,

I am looking to start up a new business that involves getting two websites up and running, open up bank account etc and rent a small industrial unit.

I need to raise around another £3000 but I am unable to get any loans or credit anywhere due to my residential and credit status.

I am currently saving money for this venture through my full time job, after covering rent, bill payments and living costs I am able to contribute £50 - £75 per week which I have been doing for months now and I am willing to do until I have enough saved but I am just wondering if anyone has any advice on any other options I may have.

I was maybe looking to try loan the money and payback a set amount that wouldn't overstreach my £50 - £75 'spare' money weekly budget.

Any contribution would be gratefully recieved.

 

[Bizicycle]

:redface: The threads doing well!

Kind of what I was expecting - hard graft and saving the only way, always has been and always will be.

 

[Gratis Guidance]

To tell the truth - working out how much money you need to start a business is about sticking your finger in the air, and doubling it!

If you are already working, and seeing the business is online, do you need to spend much money to get things working?

If you are looking for storage space - Have you considered using one of these storage firms who do shipping containers for £10-£20 a week?

Sorry for being vague but it really is quite difficult to advise without any solid information!

Hope this helps

 

[Michael_Anthony]

you could try here..

http://uk.zopa.com/ZopaWeb/

No bank or conventional lender would touch it with a bargepole in the current environment.

Or try and get a credit card and borrow it that way - card issuers are usually far less picky than loan providers.

 

[aberbotimue]

I have to agree with Michael_Anthony - was going to suggest it too...

You could try looking at local enterprise agencies, they may be able to help with grants, or backed loans..

 

[RBS]

Try searching google for "unsecured tenant loans", "unsecured loans", "payday loans", "loans bad credit history".