Unsecured Money supported by the Government up to £1m
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Many firms are totally unaware that for eligible companies the DBERR Government Department for Business, Enterprise and Regulatory Reform are supporting loans for start ups as well as established companies up to £1m.
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: Up to 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 government will cover up to 75% of the remaining debt. The bank will take charge over assets up to 25% of the remaining debt.
NON Eligible Companies…
Property & Land Investment
Sports Agents
Commission only ventures
Forestry
FSA related or financial service companies
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