Start up business loans UK, S & B Accountants
We will help for loan to start a small business in London, UK, S and B Accountants. Start Up Loans are personal loans for business purposes, provided by the Start Up Loans Company in the UK. It’s different from small business bank loans, personal loans designed to help new businesses begin trading. You don’t have to use your house or any other asset as security to receive the money.
Start Up Loans are provided by the Start Up Loans Company, which is funded by the UK Government. You can borrow between £500 and £25,000, payable over one to five years, at a fixed interest rate of 6% per annum. If there are partners in your business, you can each apply for a loan of up to £25,000. The maximum amount a single business can receive is £100,000.
Who is eligible?
You must meet the following criteria:
You live in the UK
You have the right to work in the UK
Your business is/will be based in the UK
You are starting a new business, or your business is less than three years old
You are aged 18 or over
Who is NOT eligible?
Some types of business are NOT eligible:
Banking and money transfer services,
Benefit of taking Start Up Loan
Fixed interest rate of 6% per annum
Flexible repayment terms
Free one-to-one mentoring for 12 months
Support during the application process
You don’t have to use your house or any other asset as security to receive the money.
What S & B Accountants can do for you?
We will help you to apply for the Start Up Loan.
We will prepare the Business plan. We will help you to prepare cash flow forecast, profit and loss account, balance sheet.