What is the approval criteria for small business government loans based on?

Approval for small business loans is based on what you will use the money for, how much it will help you, and your financial record. Your small business plans may be taken into account if you are applying for a small business loan. This is because loans are more likely to be given for small businesses that seem as if they will make the money back with ease. Your other options for acquiring funds will be considered too, as there are programmes especially for those with bad credit or no credit who may not be able to get money in other ways. Find out more by filling out the form on our website. You may also try calling us at UKStartups.org, 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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