I need fast money, would it be better to apply for government funding or a bank loan?

Thank you for your questions regarding where to apply for funding when you need fast money. While there is no definite answer to this question, it is important to know that applying for government funding can be a lengthy process.

Government loans are typically more desirable than traditional bank loans as they often offer lower interest and do not require collateral. That being said, these loans are equally competitive and the application process can be strict. You may be able to receive funds faster from your bank or other lending institution.

Each government fund has different application procedures and deadlines. You can search for available government loans using our Startup Assessment Tool , a convenient app provided by the UKStartups.org. You can also call for quick and reliable service 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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