Tag Archives: loans

Government Start-up Loans

26 Jun

Start-Up-Loans-new-logo

When starting a business you may find the start-up costs slightly daunting and may prevent you from going ahead with your idea, however there is help out there so don’t give up!

The government offer a business start-up loan service where you can borrow money to cover your start-up costs and also receive useful advice from experts. To help get your business up and running there are a few requirements:

  • You’re aged 18 or over
  • You’ve developed a business idea
  • Your business will be based in the UK
  • You are a UK resident
  • Your business has been trading between 0-24 months

The application will also require you to have produced a business plan and cash flow, which is essentially creating a more detailed plan of your business. You can find templates on their website, along with support. Alternatively you may be able to get help from one our enterprise coaches at Opportunity Plus can run through what you need.

Once you’ve been successful with your application you still get on-going support, and can pay the loan off over up to 5 years at a fixed interest rate.

Don’t think you’ll get accepted? Take a look below to see just how many businesses they’ve helped get going so far, or check out their website – https://www.startuploans.co.uk/

Don’t forget to think about how you’re going to pay the loan back, and only borrow as much as you need.

Start up loans

If you want support and guidance for starting your business then please get in touch on 0800 043 2440 or info@opsw.co.uk