Microbusiness £50,000 Bounce Back Loans – how they work
Government announces 12-month interest-free microbusiness Bounce Back Loans scheme with £50,000 limit and 100% guarantee
Business Loans
The small business loans section has in-depth advice articles and guides on how and where start-up companies and small businesses can get a UK business loan, whether from established commercial finance providers, online providers or even family and friends. SmallBusiness.co.uk is working with a panel of trusted partners to help you find the right finance for your business.
A business loan can be sought for many reasons but is typically used to either: start a new enterprise, fund expansion, fund major capital expenditures, or to cover operational costs that a company may otherwise be unable to afford (i.e. for cash flow reasons).
There are two key categories of loan – secured or unsecured – and both types can be made available over short, medium or long-term periods. There are a wide variety of lenders servicing the many different niches and almost all will usually approve business loans based upon the financial strength of the borrowing business and its perceived ability to earn a profit.
Borrowing money is a major step for a company and almost inevitably introduces a raised level risk. However, taking on debt in the form of a loan is also one of the commonest forms of financing small business operations. Our experts write about business loans from the perspective of the UK SME community and our aim is to help readers understand how small business loans work, the many options available, and how to compare and choose between them.
Ultimately, though, a business loan may not always be the best finance option, so we also encourage readers to look at other routes such as grants and the ever expanding alternative finance channels.
Government announces 12-month interest-free microbusiness Bounce Back Loans scheme with £50,000 limit and 100% guarantee
Business Loans
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Business Loans
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Business Loans
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Business Loans
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Business Loans
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Business Loans
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