Can a first time small business owner apply for a government loan?

Qualifying for a small business loan is not contingent upon having some kind of history opening small businesses, but having a good track record in small business will certainly reassure most any lender and so people who are not first time business owners may have a better chance of success. Even a first time small business owner can get a small business loan if they can produce a sound small business plan, show a willingness and ability to repay the loan and especially if they provide valuable enough security for the loan. You can use our web site to get an overview of the lenders and their programmes before applying for a loan, and you can speak with one of our representatives online or by phone at 020 3880 8554 if you have further questions.

There are hundreds of government funding schemes available for small business owners in the UK. In fact, our Funding Database currently has over 600 government funding schemes and over 500 private investors available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

Take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at starting your small business. It just takes 30 seconds and will also tell you if there may be any funding assistance available.

Be sure to look at the hundreds of daily questions and answers we have from entrepreneurs like you who want to learn more about starting a business, creating a business plan, searching for funding. Our small business experts take the time to answer each and every single question, so if you have something on your mind – we can help!

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