Business loans for start-ups and young businesses

Applying for a business loan can be a daunting experience at the best of times, but for a new business owner with no financial track record yet, or even pre-revenue, this can seem like an impossible task.

We work with funders that support start-ups, young businesses of all shapes and sizes, and those that just need a little help getting off the ground. Most banks have a minimum loan size of £10k - £20k, which is actually quite a reasonable size for a start-up, so where do you turn to if you just need a few thousand to get things moving? You could be a business taking on leased premises and need to do a light refurbishment, you may be buying stock. You could be a tradesperson needing to buy tools and equipment, maybe even a second-hand van. Some start-up costs where professional and legal fees are being paid out, can also soon add up.

We have arranged funding for complete start-ups and pre-revenue businesses as well as those who have only been trading for 6-12 months and have not filed any accounts yet. It's hard convincing the bank in the absence of a filed profit and loss account, what your turnover and profits have been. This is why it is so important to keep robust Management information (MI) in the first 12 months, so you can provide this when it comes to applying for a loan.

We work with funders who will review your business plan and projections and listen to what your ambitions are. We will support your application along the way and liaise with the funder to get the deal over the line.

If your own bank has said no or if you don't know who to turn to, then turn to us. We are all ex-bank managers who understand the challenges that face new business owners.

Call us now to discuss your funding requirements or apply direct, it only takes 10 minutes to apply online and you will be provided with a selection of funders who are interested in receiving your application. Please use the link below to apply.

Business loans for start-ups and young businesses

By: Paul Marston

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