sMALL bUSINESS gRANTS

[bennn]

How do I obtain A small Business grant

[Harley]

If you mean a Small Business Development Loan see one of the high street banks. Barclays do them but you will need a business plan.

[norfolk boy]

Trust me a man who knows very well.Banks will only lend you money if there is something they can snatch back.As a very minimum you will need to take out an insurance on the banks behalf,so at the end of the day if you cannot pay they will claim on this.It does not finish there the insurance company will come after you to recover their loss.So my friend you will have to take out a loan and claim it's for home improvements like 80% of business owners.

[Harley]

Norfolk boy was this on the Small Firms Loan Guarantee Scheme? I thought this was for businesses with no security but have a viable proposition

[norfolk boy]

Harley the gist of what i'm saying is, a bank will not lend you money on an idea or a business plan, Just the same as , if you take out a mortgage and can't keep up payments, the bank will try and recover all the out standing monies. If you have a shortfall they won't just say "well you've had a good go, we'll write whats outstanding off". They will get their money ! As such a bank will always want to know what you can secure a loan against, be it equity on a property, savings, third partie guarantee etc etc.