Question about startuploans.co.uk

[Ar808]

Hi

I'm looking to start a business, tree surgery, logging, general land care/dogs body etc.

So I'm looking for a loan, mainly for a trailer I would need, ideally a pickup or tipper also but I could get by with a trailer to start.

I have most of the other gear.

Work wise I have nothing lined up and it would be a case of going out there, handing out flyers, phoning around, placing ads and social media. So I have no idea if I will get any work but I'm sure I will get some from word of mouth. I live in prime area for this kind of work, the North of Scotland.

I'm positive and hopeful about this venture but I'm also a bit unexperienced.

So, do you think I stand a chance of securing a loan from startuploans.co.uk, they obviously want a business plan and cash flow details of which are next to zero atm. The business plan would look weak as it would essentially say, "I'm hoping to get lots of work but no idea if it will work out that way".

I also don't want a negative mark on my credit file if I'm rejected.

Any advice?

 

[Mark T Jones]

Hi

I'm looking to start a business, tree surgery, logging, general land care/dogs body etc.

So I'm looking for a loan, mainly for a trailer I would need, ideally a pickup or tipper also but I could get by with a trailer to start.

I have most of the other gear.

Work wise I have nothing lined up and it would be a case of going out there, handing out flyers, phoning around, placing ads and social media. So I have no idea if I will get any work but I'm sure I will get some from word of mouth. I live in prime area for this kind of work, the North of Scotland.

I'm positive and hopeful about this venture but I'm also a bit unexperienced.

So, do you think I stand a chance of securing a loan from startuploans.co.uk, they obviously want a business plan and cash flow details of which are next to zero atm. The business plan would look weak as it would essentially say, "I'm hoping to get lots of work but no idea if it will work out that way".

I also don't want a negative mark on my credit file if I'm rejected.

Any advice?

A key component of the business plan they require is market research - which should also be important to you before you get yourself into debt.

Start on that now & the business plan will quickly make sense (even putting word out that you are planning on doing it will generate feedback)

 

[Ar808]

A key component of the business plan they require is market research - which should also be important to you before you get yourself into debt.

Start on that now & the business plan will quickly make sense (even putting word out that you are planning on doing it will generate feedback)

Any tips on market research, would I have to have offers on the table, how would I go about detailing that. X amount of companies in the area did X amount of work and it's estimated that there's a shortage or saturation of workers in the market etc?

How to you find this data or approximate it?