📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Business start up loan.

Options
Albion453
Albion453 Posts: 3 Newbie
First Post
in Benefits & tax credits
Hi I am about to do a start up on UC as a sole trader. If I get a start up loan does this effect my 'savings' in relation to the threshold for UC?
Self employed sole trader. 
Thanks. 

Comments

  • huckster
    huckster Posts: 5,301 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Business loans do not count as savings.

    For any business, it is wise to have a separate business bank account.
    The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.
  • Albion453
    Albion453 Posts: 3 Newbie
    First Post
    Yes thanks. I have done this. 

★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture