3. Business loans
A large number of business loan schemes are available in the Exeter area
Loans can make the difference between fully funding the start-up costs for your business or not. It is important to get your calculations as accurate as possible. It may take a few months before the money from your new business starts to come in. If the bills arrive sooner than this and you have not allowed for the set up costs in your planning, your business could go under in the first six months.
Always consider the annual percentage rate (APR) that applies to the interest on any loans taken out as this is an excellent way to compare different loan terms offered.
Enterprise Nation gives some excellent advice about finance and funding from start-up to growth and ways in which you can reduce the need for funding.
Locally-based loan providers
Loans available for special groups or purposes
Reenergise Finance is focused exclusively on supporting the energy efficiency and renewable energy market.
The Regional Growth Fund Programmes Guide explains how businesses, looking for funding of less than £1 million, can apply for financial support – either as loans or grants.
Start Up Loans is a government funded scheme to provide advice, business loans and mentoring to startup businesses.
Gov.Uk provides a useful Finance Support Finder.
Major banks and finance houses offering loans to small companies
Most major banks and investment companies now offer loans for small companies or budding entrepreneurs. This list gives examples of sources of business loans:
UnLtd offer a limited number of awards for those businesses seeking to create a more positive social impact.
Head Office 123 Whitecross Street, Islington, London EC1Y 8JJ Tel: 0207 566 1100 Email: email@example.com