start up loan through New Enterprise Allowance scheme

almanak

Hi, 
Are there any problems with getting a Start up loan for a business that has been registered couple of years earlier to only protect the name and has never started trading?

Grumpy_chap

As far as I am aware, NEA is a grant scheme, not a loan scheme

jonesMUFCforever

No trading - why do you need a loan or grant?

I also answered your other thread.

almanak

jonesMUFCforever said:

No trading - why do you need a loan or grant?

I also answered your other thread.

It is going to start trading now, otherwise this question wouldn't make any sense.

almanak

Grumpy_chap said:

As far as I am aware, NEA is a grant scheme, not a loan scheme

https://www.startuploans.co.uk/supporting-nea-participants/

oldbikebloke

almanak said:

Grumpy_chap said:

As far as I am aware, NEA is a grant scheme, not a loan scheme

https://www.startuploans.co.uk/supporting-nea-participants/

which simply confirms what was said, that link is to a loan company that is totally separate from the NEA's weekly allowance. 
The conditions for them giving a loan are pretty clear:
"If you are currently participating in, or have participated in the NEA scheme within the last 10 months, then you can apply for a Start Up Loan between £500 and £25,000 using your approved NEA business plan."

almanak

oldbikebloke said:

almanak said:

Grumpy_chap said:

As far as I am aware, NEA is a grant scheme, not a loan scheme

https://www.startuploans.co.uk/supporting-nea-participants/

which simply confirms what was said, that link is to a loan company that is totally separate from the NEA's weekly allowance. 

this is the link  you are led to from the governmental website if you want to apply for it.

oldbikebloke

almanak said:

oldbikebloke said:

almanak said:

Grumpy_chap said:

As far as I am aware, NEA is a grant scheme, not a loan scheme

https://www.startuploans.co.uk/supporting-nea-participants/

which simply confirms what was said, that link is to a loan company that is totally separate from the NEA's weekly allowance. 

this is the link  you are led to from the governmental website if you want to apply for it.

and as i said, to apply for the loan you must meet the conditions currently participating in, or have participated in the NEA scheme within the last 10 months
so the question is: do you?