What must entrepreneurs know when looking into getting their first government small business loan?

Getting your first small business loan can be both exciting and scary, knowing that you are taking a tremendous step into a new world of opportunity and responsibility. You should research small business loans closely, noting the pros and cons of both a fixed rate loan and an adjustable rate loan. You will need to be prepared, with a small business plan ready, in order to be taken seriously with any loan application. Unless you have absolutely stellar credit, and often even then, you will also be required to produce security for your loan in case your small business fails and you cannot repay the note. For further questions, ring us up at 020 3880 8554 or submit the information request form on our site.

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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