Is a grant or loan better for small businesses?

There is no way to say whether small businesses can use a loan or a grant more effectively. Each type of funding choice can help with costs such as machinery or equipment purchases, renovations, hiring or training employees, opening a new location, and more. Loans tend to be quicker to apply for, but they have their own qualification requirements and intended uses just as grants do. Grants may have more competition for the funds, but they do not require repayment. Take a look at grants and loans for small business costs to see which ones may help your business the most. If you would like professional assistance, contact us at UKStartups.org by completing the form on our website or by dialling, 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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