I don’t have any credit built up can I still apply for a government loan?

You may still be able to apply for a government loan even if you have little to no credit history. The UK Government recognizes the important role that small businesses play in the local economy and seeks to offer financial assistance when possible.

Financial assistance programs change periodically, but there may be loans available that don’t exclude you on the basis of credit. Collateral may be expected and interest could be higher. You might also consider applying for a government grant, if there is one you qualify for.

You can search for available government grants and loans for your small business using our Startup Assessment Tool , a convenient user-friendly app available on the UKStartups.org website or you can call UKStartups 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.