Small business loan

Get a small business loan to kick start your small business. Our guide to your small business loan written by business planning professionals.

Everything is here to save you time to get your small business loan; and there's also a load of help to enable you to get your own unique loan for your business.

Improve your chances of loan success

Small businesses sometimes need a business loan for many reasons to develop and grow and find additional customers. Our small business loan guide will show you how to get a loan for your small business

Who's offering what

Some of the best deals

How to apply

Why you may get turned down

Small business government loan

The government has a small business loan scheme and you can read more at our page on the small business loan guarantee. This generally requires you to place down 25% security (maybe your house as deposit) and the government scheme guarantees the rest of it. Bear in mind that this is administered through the UK banks and not the government itself. Read the information on the link above and then it's best to directly approach your own bank first if you want to apply for the small business government loan scheme.

Also try the onelondon loan scheme. This looks at lending smaller loans to smaller businesses (termed micro businesses). Really this is for loans around the £2000 mark rather than anything more. There are a few other organisations that cater for micro businesses, but these may not be for you as the interest rates are normally very high (really due to the fact the set up costs have to be recovered somehow)

Small business bank loans

All of the banks provide loans to small businesses and it's probably best to approach your bank in the first instance to see what they can do for you. Remember that at some point you will require a business plan to outline how you will pay the loan and to attempt to mitigate the risk on the bank. Here are links to some of the major banks:

HSBC
Lloyds TSB

Small business personal Loans

You can finance your start-up through personal loans - secured or not. Here are some great links:

Credit Cards

To improve your cashflow you should ensure you do not have outstanding balances on credit cards. Transfer to one of these 0% schemes.

More information will be added in the coming months so check back on our small business loan page.

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