Can my small business get any assistance with debt so that it can put more business funding into business development?

It is entirely possible that your small business may be able to get assistance with debt, especially if it is standing between you and the sort of business development that could help your company reach a higher level of success.

The debt that a small business may accumulate during the course of its operations or even during its initial start up phase can detrimentally affect its ability to survive, let alone undergo on-going business development. This is why some UK Government funding sources may offer assistance with debt, especially if the applicant can illustrate (such as through a business plan or financial projection) how they would be able to turn a profit and expand if the debt was not hanging over their heads and holding them back.

Do not look solely for programs that describe themselves as assistance with debt, however. You may find business funding for some of the things that are creating the debt, thus allowing you to pay off your existing debt.

Call the UKStartups.org toll free at 020 3880 8554, to talk to a representative about your search for UK Government assistance with debt, or you can begin immediately by starting with our Startup Assessment Tool app online.

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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