can i get a small business loan to help start up my company?

Question

i live in the uk, any advice is really helpful.

Answer 1

Yes you can but the interest rate may be above the average and you will need a business plan, cash flow projections etc.

You need to be able to prove to the lender that he will get his money back. You may also have to put up a guarantee (either get someone to underwrite the loan or put up something valuable to guarantee it - like your house).

Good luck.

Answer 2

All companies start up small. Gates grew to become into in simple terms fortunate to have the main inexpensive bid for IBM along with his DOS. something is history. Gates did not walk in and ask for billions of greenbacks to start the business enterprise in the previous he had the product. maximum people who attempt to report for small business enterprise loans in simple terms desire the money. they generally don't have stable business enterprise plans different than that they would be wealthy in 5 years, have not any cushion to pay themselves for those 5 years whilst they gained't be making a residing, and function quite low credit to desire to start a puppy keep or stereo installation keep.

Answer 3

Compared to offline businesses, the investment required to start an online business is minimal. A popular way of earning money on the internet is by providing information and services. This can be monetised by advertising or charging a subscription. You can also make money online by selling products on auction websites like eBay or through your own website. More information available at http://tinyurl.com/syw6m

Answer 4

You will need a really good business plan to take to the bank. They will use this to determine whether or not your proposals are credit worthy.

There are plenty of websites that can guide you on how to do this.

Good luck.

Answer 5

I could give you a small loan, is 2p small enough?

Answer 6

no