What is the average interest rate on government business loans?

Thank you for your question regarding the interest rate for government business loans. The interest rate on government loans will vary depending on the type of loan and the department you receive it from.

Government loans do typically offer much lower interest rates than private lending institutions and banks. In some cases, there are government loans available at no interest as well.

Because interest rates are so low, UK Government loans can be highly competitive. You can find assistance on the application process as well as information on currently available government grants and loans at the UKStartups.org website. You can also call UKStartups directly for assistance at 020 3880 8554, toll free.

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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