Government Business Loans

Business Loan Application

Having your own business, while a dream for many, takes some work, luck, creativity, and money, to bring it all to fruition.

And the government knows this as well, and they are supportive in wanting small and new businesses to grow and succeed.

The government offers various ways to fund and support local business, this support is offered in the form of tutorials and classes on how to set-up your business and document a business model, to also various small loans that can be made available to business owners.

There are even small grants that are available through various charities and organisations that do not have to be repaid. These grants can be from anything as small as to having business cards made, to other marketing and advertising efforts, such as signs or posters advertising your company. In addition to assistance and funding on a national level, some local councils and cities also have grants and loans available for their local businesses.

One issue with this form of funding your company can be a limitation of funds local governments may have to lend. When the money is gone, there may not be any additional funding until the following year.

Also, as with anything related to the government, there can be a strict lending criteria, or guidelines and requirements for a company to qualify for these loans and funding.

There may be high credit score or high credit rating standards for this form of borrowing. A business owner with bad credit may not qualify.


A Buddy Business Loan is approved on
affordability, and having a guarantor.

  • Easy and quick online application
  • Quick approval
  • Money can be available within 24 hours
  • Affordable monthly instalment payments
  • No headache or hassle with paperwork
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Representative Example

Borrow
£3,250

Term
36 months

Repaying
£158.57 p/m

Total Repayable
£5,714.67

Interest Rate
41.16% (fixed)


Representative 49.9% APR.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.