What are the steps I need to take to get a loan from the government?

Thank you for your question regarding the process involved in getting a loan from the government.

You will first want to research available government loans to determine which is best suited for your needs. Once you have decided on a specific lending program, you will need to prepare your application. Consider that you credit history, debt to income ratio, and other financial information will likely be needed. You may want to present your business plan as well.

You can find business plan templates as well as other application tips on the UKStartups.org website. You can also use the Startup Assessment Tool app to search for available government funding. If you have further questions, feel free to call 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!

Need funding for your business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.