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New Business Start Up Loan

CornishPidge
Posts: 21 Forumite
in Loans
Hi
Im wondering if anybody knows any where i can find a business start up loan need about £20,000.
Many Thanks
Im wondering if anybody knows any where i can find a business start up loan need about £20,000.
Many Thanks
0
Comments
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Have you tried a bank?0
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Do you own a property?0
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No i rent privatley0
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How much will you be putting into the venture?
If it is less than 50% expect to be turned down unless they will take a guarantor.0 -
The other posters are right. Banks generally require you to put in some money yourself or at least have some security.
The government do something called the Enterprise Finance Guarantee which means that they provide the security for the loan, so you could try looking into this to see if you qualify.
Hope that helps.0
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