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Have a strong business plan and are confident about it, but don’t have enough finance to execute the plan and make your dream of starting a business a reality? Don’t worry there is an option for you which will allow you to execute your plans very well. Yes, you can easily start a business by taking a business start up loan which provides financial assistance to make the initial investment required to set up the business. Now is the time to make your dreams come true and make it big!
Business start up loans are available in secured and unsecured forms. Secured business start up loans require you to pledge your valuable assets as security. You can borrow anything from £50,000 to £1,000,000 at low interest rates. Repayment tenure now goes from 5 to 25 years.
On the other hand if you cannot meet the collateral clause then you can apply for unsecured business loans. You can borrow as little as £25,000 which can be extended up to £100,000 for a period of 1-10 years. While the loan amount will depend on the type and size of the business, it will be sufficient to run your business operations effectively.
These loans can be availed to solve various business purposes such as purchase of machinery and furniture, investment in an enterprise, office rent payment, purchase of raw materials, payment of outstanding expenses and payment of salaries to employees.
Business start up loans can be applied for even with a bad credit score. Your bad credit like CCJ, IVA, arrears, defaults and bankruptcy can now think about the loan and apply.
Business start up loans can be applied through banks, financial institutions and even online. The online method is hassle free and you can easily find the lowest rate deals. There are many lenders who are offering good packages, you can easily crack any one with good research work.
Business start up loan is a great way to start your business. They enable you to manage and run your business smoothly by providing adequate financial support.
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