How does bad credit come into play when applying for government small business loans?

Even if you have a wise thing and a thorough, properly prepared small business plan when applying for government small business loans, bad credit can still come into play as a negative because it can be used as a commentary on your ability to manage money properly. However, there may also government small business loans for reconciling bad debt situations, in which case the bad debt is necessary for the funding, so long as the application and approval process illustrates your need is legitimate and can be reconciled. UKStartups.org has an online quick request form or phone number you can call, at 020 3880 8554, for more information.

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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