Does having bad credit mean someone cannot get British government small business loans for a start up?

Although having bad credit will negatively impact an entrepreneur’s ability to qualify for British small business loans, it does not necessarily make it impossible. If you can still produce ample security, convincing a lending institution to take a chance on you is still possible. A number of programmes have been designed to assist females and minorities in becoming small business owners, even with bad credit, so you may be able to gain funding for your start up in that manner. There may be any number of government and non-government options available to you. You can use our Startup Assessment Tool to aid you in this, and our support team are standing by to assist you by phone at 020 3880 8554 or online through our information request form.

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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