Who offers better small business loan rates and terms, the banks or the UK government?

In general, the British government is able to offer better rates and terms on its small business loan programmes than may private lenders. This is because the government is not seeking to use the loan as a source of income, instead focusing on its ability to help small businesses, and thus indirectly the nation’s overall economy. A private lender, on the other hand, is motivated by profit when offering a small business loan. As such, its rates and terms are guided by the want to make money from you. If you require some help finding the information you want or desire some assistance with your government funding application, ring the UKStartups.org at 020 3880 8554. We can also be reached through our site’s contact 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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