If you are a starting up a business, it’s costly, and you may need a bit of funding to really give it a kick start. But where can you get that help? Have you thought about start-up loans?
Take a look at the Government’s Start Up Loan Scheme. It’s a national initiative and is a programme of finance, advice and support, for start ups of all ages. I am working with a national delivery partner of the Start-Up Loans Company, a Government initiative set up in 2012.
Start Up Loans, of up to £25,000 per person, are designed to help you get your business up and running. These loans have helped all kinds of businesses, from hairdressers and plumbers to app developers and film makers. They can even assist in business acquisitions, MBO’s and MBI’s, as they can help you demonstrate to investors that you have ‘skin in the game’
I will guide you through the application process, including advice on creating a business plan and cash flow forecast. There will also be free mentoring provided for you after receiving your loan.
There are no fees charged for obtaining a Start Up Loan or any of the services associated with it.
A Start Up Loan is an unsecured personal loan for business purposes. Individuals can receive one loan, however more than one partner in a business can apply for a loan.
To be eligible you must:
-Be aged 18 or over
-Be living in England, Scotland or Northern Ireland
-Have an idea for a new business or a business that has been trading for less than 2 years
Most types of businesses will be considered. The delivery partner will conduct a credit check, although they do not credit score (if you are concerned about this please contact me). If you are a foreign national you must have a relevant visa that extends at least 6 months beyond your loan repayment term.
I’ve been privileged to help some 100 entrepreneurs raise in excess of £1,300,000. If you would like to register your interest in a Start Up Loan then please get in touch and I will guide you through the process.
Start-up loans could be a real life-line for your business if you looking for a vital cash injection to launch operations and bring those dreams of your ultimate success that much nearer.
Even better, I can help you with all the ins and outs of applying for a start-up loan, securing the funding and setting you on your way! Have a look at the video below, and contact me for help and advice, or download my top tips at https://www.drs-business-solutions.co.uk/startup-loan-paper
What about other types of finance for your business?
You may need finance for a variety of purposes, depending on what stage you have reached on your business journey. It might be for a start-up, employment, growth, working capital or capital projects. The key is to find the most appropriate source of finance to maximize the value to your business. When raising finance, you will have to consider a number of factors, for example:
- Potential financiers need to manage their risk.
- Providers of grant support need to have their strict criteria satisfied before releasing funds.
How can I help you?
- I will help you to present your business case in the most effective way to interested parties.
- I will help you to identify the most appropriate sources of finance for your business through my network of contacts.
In this way, I will seek to ensure that raising finance fuels your route to business success.
If you need to raise finance, please contact me.