Is it free to write a small business loan proposal?

Applying for a small business loan is usually free and so is writing a proposal or the equivalent, although you can potentially hire someone to write it. Loan applications are standardized and completed in a similar fashion to bank loan applications. Grants are the types of government funding that require you to write proposals. If you need funding, it may be a wise thing to consider grant programmes in order not to overlook other options that may be useful to you. Money obtained from grants does not need to be repaid, unlike small business loans, but this means the competition for the funding is higher, and applicants are typically more heavily scrutinized. Find out more by filling out our website email contact form or 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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