Last year my business went bankrupt, can I still get loans for bad credit if I am interested in reopening that business?

As far as bank loans are concerned if you have ever filed for bankrupcy it is incredibly hard to get approved for a bank loan. You will have to repair your credit and truly prove to the bank that you are able to repay any money that is being given to you with the agreed upon interest rates. You’ll be glad to know that it is significantly simpler to receive government loand for a business that has been bankrupt in the past. However, you must still be able to prove that your business will most likely succeed the second time around. Aside from a government loan you may also be eligible for a grant, which is a financing option that does not need to be repaid. To see which programs you pay 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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