The Small Firms Loan Guarantee

[tomj]

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Hi,

Anyone looked at this The Small Firms Loan Guarantee | Business Link or other neat ways of raising business finance?

Interested to hear anyones views on it :tup

Cheers, T

[Stuart]

I have looked at this and applied in a previous life, it is a great way of raising funds but remember it is still a loan that needs to repaid, one big benefit is (and I hope it never happens to anyone) is that is the business fails for any reason, the government guarantors 70-80% of the loan so you are only liable for 20-30%

You need a good business plan to secure the loan, if you need any help I have a business partner who raises money for people using things like DTI loans, he works on a % of the funds secured.

Generally the loan is designed for people who don't have any assets or equity to use as security for a standard business or personal loan

Hope this helps
Stuart