Unsecured Money supported by the DTI from 15k to 250k
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Many firms are totally unaware that for eligible companies the DTI (Department of Trade and Industry) are supporting "unsecured" loans for start ups as well as established companies from 15-250k pounds.
This type of lending is ideal if you lack the collateral required by your bank and or if your personal securities are unavailable.
A full business plan is required however our partners will help you through all the stages of the business and financial plan development. They make the application with you and hand-hold you through the complete process.
Loan details:
Term: 3-10 Years
Interest Rate: Bank Dependant but between 8-10%
Our partners can organise a capital repayment holiday for the first 12 months
If your business fails the DTI will cover up to 75% of the remaining debt
The bank will take charge over assets up to 25% of the remaining debt.
NO PERSONAL GUARANTEES OR CHARGES OVER YOUR HOUSE
NON Eligible Companies...
Property & Land Investment
Sports Agents
Commission only ventures
Forestry
FSA related or financial service companies
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