Which would be a better financing option for my business, a grant or a loan?

Whether a loan or grant is better for your small business is a difficult question without delving into the particulars. A grant is like free money in that, if eligible, you get the money and do not have to pay it back so long as you stick to its conditions. A loan, on the other hand, usually needs to be repaid, although those from the government tend to be more favourable than those from private sources. A loan may be your only option, however, if no grant fits your needs and circumstances. To find out more relevant to whether a loan or grant is the better option for your small business, contact UKStartups.org through our web site’s contact form or call, freephone, 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!

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