Do private loan lenders have lower interest rates than government loans?

It is hard to say if private lenders have lower interest rates than government loans. Usually government loans have lower interest rates, however it depends on several factors. The amount of the loan, the program you are applying for, the private lender you are borrowing from. The interest rate of a loan is accounted for on a case by case basis. The best way to figure out which loan is right for you is by doing your research and seeing which loans you are eligible for. As a side note, if you are interested in receiving funding for your small business consider applying for a government grant. Government grants do not need to be repaid and therefore have no interest rate.

For more information about which programs you may be eligible for try our Startup Assessment Tool or call us toll free at 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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