Is there such a thing as instant loans?

Yes, there are instant loans. Most of the time, instant loans are payday loans that will be taken from your next paycheck with a high interest rate.

There may be some banks or lenders that approve loans instantly for small businesses. You can often find these types of lenders online. But, expect to pay a very high interest rate and put up some collateral.

If you aren’t in a hurry for the funds, you may want to consider applying for government funding such as grants or loans. You can search for eligible funding programs using our Startup Assessment Tool a convenient easy-to-use app on the UKStartups.org website. You can also call UKStartups and speak to a representative directly 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!

Need funding for your business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.