Are the rates on UK government small business loans conventional compared to other types of loans?

Typically, rates on conventional small business loans obtained through private lending sources. These may include banks, tend to be higher than those offered by the United Kingdom government. This is so for a number of reasons, including the lending budgets the government has to work with compared to that of a bank. This also goes for the fact that the government is not looking so much to making money from high interest rates on the principal. However, from tax revenues generated by a small business that operates better and thus generates more taxable income. If you need research assistance for a business in the UK, you should try the UKStartups.org’s resources. You may contact UKStartups.org by calling (freephone) 020 3880 8554 or by completing the form on their website to better understand interest rates on conventional small business loans versus those from government sources.

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.