Do You Need A Loan For Your Start Up Business?

If you run a small business that’s looking to expand, Response Business Finance Ltd would love to hear from you.

There are a number of Government schemes available to help start-up businesses, but, with so much competition, these can be difficult to secure.

Thanks to the Covid-19 pandemic, unsurprisingly, smaller businesses have been hit the hardest and the competition of this type of finance is far greater. Applying for a grant or loan might be a lot more tricky than it was in the past few years.

SME companies in particular have become under intense pressure over the past year. With the furlough scheme recently coming to an end, it’s likely that you’re under slightly more pressure than before.

On the flip side, many businesses are recruiting in the next few months, and the job market is looking surprisingly positive. The outlook for companies is certainly better than it was a year ago.

Now is a brilliant time to be rebuilding and restructuring your business. With our loans for start-up companies, you can put your plans into action.

Whatever stage you’re at in your business, we love working with entrepreneurs to achieve their aims. No matter how long you’ve been trading, one of our loans could give you the support you need to thrive in the coming year. One business said how they ‘could have done without’ us!

Generally speaking, start-up loans are for businesses that have been trading less than 24-months. In other words, you should be in the early stages of growing your business. During this time, you might need to buy premises, invest in equipment or hire the right staff.

Why choose Response Business Finance Ltd for a loan for your start-up business?

With our dedicated account department, you’ll have support throughout the process of applying for a loan, and when making repayments. We have a highly trained team who cover the whole of the UK, with a range of products to choose from.

No matter your financial situation, our experts would like to offer advice on the best way forward.

Response Business Finance Ltd regularly helps start-up businesses with a wide range of issues. For instance, we regularly help fledgling companies to invest in equipment, so they can do their job effectively.

Before applying for one of our loans it’s crucial to have a clear business plan in place. This is important not only for our loan officers, but for your peace of mind.

If you require a loan for a start up business, please contact our team for more information. We’re always happy to offer more information on any of our loans.

Check out our previous article here.