What is the difference between government grants and government loans?

There is a wide array of important difference between government grants and government loans which you must understand before you apply for either. Government grants are special one-time only payments given to small business owners within the United Kingdom that meet specific criteria decided upon by the government. These payments never need be repaid but they may come with specific conditions about what the money is spent on. Government loans, on the other hand, are specific funding arrangements that must be paid back but are often available at vastly reduced rates compared with bank loans. These differences should not be overlooked as this could have a massive impact on the kind out outcome which your small business achieves through these funding arrangements. Get in touch with us, freephone, at 020 3880 8554 to speak with a representative. Alternatively, fill out our form via the website.

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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