Are people with bad credit able to apply for UK government small business loans?

An entrepreneur with bad credit can understandably have a more difficult time trying to gain small business loans from the government, but it does not have to mean it is impossible. If a borrower can present a strong small business plan and proper security for the loan, their chances should improve. A number of programmes have been designed to assist females and minorities in becoming small business owners, even with bad credit, so you could get a loan that way, if you qualify. You can also use our Startup Assessment Tool to aid you in this, and our support team are standing by to assist you by phone at 020 3880 8554 or online through our information request form.

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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