Do we have to pay tax on government loans?

No, you don’t have to pay tax in government loans, but you will have to pay the specified interest rate for the concerning loan program. However, government loans are overtly beneficial, as their interest rates are low, in fact, lower than the bank loan programs and at the same time, they are flexible in their features and requirements, such as, repayment schedule etc. When seeking a government loan, it is important to know about the loan, especially, as far as their features and requirements are concerned. For more information about government loans, log onto our website or dial 020 3880 8554 for the same.

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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