Personal Loans and Business Finance


Bullet pointing to a list of business finance and personal finance options

 

 

 

 

 

 

Bullet pointing to a list of business finance and personal finance options

Soft Loans
Soft Loans are basically business loans where little or no personal collateral is required as security for the loan. These loans are generally available to businesses that are unable to access loans from conventional sources (banks). They do not generally require security.

Franchise funding – we can provide finance for you to buy a franchise. See our specialist site www.franchisefunding.net

Each year the DTI invests over £400m assisting you through grants, loans and subsidised consultancy.

Loans

Where you do not have sufficient personal funds in place to meet the criteria required by the banks or governement departments, we can offer you loans through one ofo our partners. By raising some finance yourself, it may then mean you are eligible to apply for DTI or other forms of funding.

 

Bullet pointing to a list of business finance and personal finance options

 

 

 

 

 

 

Bullet pointing to a list of business finance and personal finance options

 Small Firms Loan Guarantee (SFLG)
The Small Firms Loan Guarantee guarantees loans from the banks and other financial institutions for small firms that have viable business proposals but who have tried and failed to get a conventional loan because of lack of security.

The main features and criteria of the scheme area guarantee to the lender covering 75 per cent of the loan amount, for which the borrower pays a 2 per cent premium on the outstanding balance of the loan, payable to the DTI. Loans of up to £250,000 can be guaranteed with terms of up to ten years.

Selective Finance for Investment (SFI)
The SFI is the UK Government's principal tool of regional based funding to business. Some areas such as parts of Wales qualify for up to 47%. Areas of Merseyside and South Yorkshire also qualify for a high level of funding. Funding is discretionary but is available to companies of any size. The minimum grant that can be applied for is £10,000.
 
'This Government believes in enterprise and opportunity. We want to create the right conditions for businesses to thrive and prosper, making the UK the best place in the world to start and expand a business’… Patricia Hewitt, MP
 

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