Is a line of credit necessary to get a small business loan from the government?

A line of credit, be it good or bad, can be used as a measurement tool to evaluate an applicant’s money management skills when they are seeking a government small business loan. But this is not always the case because small business loan programmes all have different conditions of eligibility. These qualifying conditions include far more than just the standing of the applicant’s loan of credit, including those of an entirely non-financial nature, like the loan’s intended purpose. Give the UKStartups.org a call at 020 3880 8554. You may also contact us through our web site form if you want 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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