Will having an existing line of credit be required to apply for government small business loans?

You do not need a line of credit to get most small business government loans. This may be necessary for some small business loans, however. However, this will be stated in the terms of eligibility and keep in mind some government small business loans are intended to help those with no credit or bad credit. So, they are still useful for those without a line of credit. If you need funds but are unable to get them because of your record financially, a government loan may be your chance to get back on the right track. Find out more by filling out the form on our website. You may also try calling us at UKStartups.org, 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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