Blog

News flash: Start Up Loans accessible to more businesses

by prg | Category Latest Blog | Oct 14, 2014

Start Up Loans newsflash

There is great news for budding entrepreneurs out there as the Start Up Loans Company has announced two policy changes which make the scheme more accessible to new ventures.

Enabling even more fledgling businessmen and women to access the business support and finance they need to get their ventures off the ground.

We outline the two changes below:

Start Up Loans Credit policy expanded

In the past, Start Up Loan candidates were required to provide written evidence that they hadn’t been able to secure finance through high-street sources.

After this latest policy change, potential applicants who believe they are likely to be refused a bank loan, can now apply.

Loan decisions are made on the viability and sustainability of the business proposition, rather than ticking boxes about credit or trading history.

Start Up Business Trading period extended

The second change to come into place is that the scheme has now been extended to include in certain circumstances, businesses up to the age 24 months.

So, for example, if you have a business which started up to 24 months ago and been dormant for some time or a business which has previously been a hobby and has developed into a more substantial operation, then we would love to hear from you.

The Start Up Loans scheme has become even more accessible and continues to bridge the gap and give start-ups a helping hand.


To find out more about these policy changes and applying for a Start Up Loan, get in touch with the SUL team on 0844 943 2988 or send us an email. You can also follow us on Twitter @ldbstartup.

Here at the Let’s Do Business Group we deliver the Start Up Loans scheme throughout the South East of England. Since the scheme came into effect in the autumn of 2012, we’ve lent more than £3.5 million and helped over 1200 businesses to successfully start-up.

 

Address

  • Address: Let's Do Business Group
    8th Floor,
    Ocean House,
    87-89 London Road,
    St Leonards-on-Sea,
    East Sussex. TN37 6LW
  • Email: loans@ldbgroup.co.uk
  • Telephone: 0844 943 2988 (Calls cost 5p per minute plus your phone company’s access charge. If your mobile tariff allows free calls to landlines, you can call 01424 205 500.)

Part of the

Let's Start Up Logo

Start Up Loans: Delivery Partner

Delivery Partner