Catering to companies that have been trading for less than two years, these loans are typically available for smaller sums and shorter terms (typically one to five years). With little or no accounts to go on, lenders may want to use a personal asset (generally a property) as security for the loan. Government-backed start-up loans are available, offering a fixed, low rate of interest and free mentoring for a set period, in addition to extra security for lenders.
Learn more about Start up loans here.
Comments