Is a small business commercial loan better than a small business government loan?

Whether or not a small business commercial loan is better or worse than a small business government loan depends upon the particular situation and circumstances of a specific small business owner.

For small business owners who are not going to be able to get a small business commercial loan in the first place, clearly a government business loan is going to be the better option (if they can then qualify for the latter.) However, if you are turned down for all UK Government business loans, a small business commercial loan would be the better option.

Ultimately, whether a small business commercial loan or UK Government business loan is going to be right for you will be determined by the various elements of your business. Who you are, what your small business does, where it is located, and the like.

Call 020 3880 8554, use our online contact form, or try your hand at our Startup Assessment Tool provided on the UKStartups.org (UKStartups.org) website. We may be able to help you locate government provided business financing or other types of government support if you decide that a small business commercial loan is not appropriate for your circumstances.

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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