I have bad credit, do I need somebody to co-sign with me in order to get a government loan?

Bad credit is usually a hindrance when applying for loans. Bad credit shows that at some point in the past you were unable to keep up with payments. However, while a bank often rejects individuals with bad credit the government is often more lenient. That being said, government programs vary, bad credit will make you eligible for certain programs and disqualify you from others. The best way to know which program is right for you is by doing your research. After choosing the programs you want to apply for you should read the fine-print which will tell you if you need someone to co-sign the loan with you or not.

For more information about which programs you may be eligible for try our Startup Assessment Tool or call us toll free at 020 3880 8554

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!

Need funding for your business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.