Is it better to get a business loan from the bank or the government?

Depending on your situation, it may or may not be a wise thing to try to get a business loan from the bank. Government small business loans are usually offered at better interest rates, and some are completely interest free. Some government small business loans do not even need to be repaid. Also, the eligibility conditions for government loan options are different than bank ones. So, even people who have been rejected by the bank when trying to get loans within the past may be able to receive funds. If you are interested in getting a loan but do not know where to start, the best way to learn more about your options and how to apply is to fill out the form on our website. You may also ring us up 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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