how do I get a business loan
How do I get a business loan to finance my new warehouse?
There may be many ways in which you can get a business loan to finance a new warehouse. You may be able to receive loans from a bank or other lending institution or you might qualify for a UK Government loan as well.
When applying for a loan, you will need to have decent credit and be willing to put up collateral. The government may offer unsecured loans where collateral is not necessary. Expect to pay interest on the loan, though you may receive a better interest with a government loan.
In some cases, the government is able to offer loans without interest as well. You may also want to check for government grants you might qualify for. Government grant funds change periodically but there may be some available to help with equipment purchases.
You can search for available funding opportunities like a grant or loan using the Startup Assessment Tool , a convenient tool on the UKStartups.org website. You can also call with questions at 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!
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