Not all business owners have a mortgage or can afford to purchase a property when starting up a business. We specialise in business start up loans for those who leasehold or have no collateral.
Business Start Up Loans Plymouth
Turn your vision into reality with a business start up loan
Business Start Up Loan Sectors
We specialise in providing Business Start up Loans in Plymouth and the rest of the UK to the below sectors:
Leisure
Pubs
Cocktail Bars
Members Clubs
Entertainment
Cinemas & Theatres
Activities Venues
Night Clubs
Fast Food
Fish & Chips
Pizza, Kebab, Vegan
Chinese, Indian, Thai
Funding for Start Up Businesses
Are you a leaseholder?
Do you have little to no collateral?
New businesses owners often come across challenges securing a loan to get their company up and running, as they have no collateral such as property or equipment to list as security against it.
Unsecured finance is a great business funding solution, as no collateral is required. What happens instead is the lender looks at your credit history, financial stability, industry experience, business plan and other financial factors.
Our lenders can offer the below funding for business start up loans Plymouth:
Lend from £10k up to
Maximum loan advance
Unsecured Business Start up Loans Plymouth
The Benefits
No Collateral – The best benefit of an unsecured loan is that start up businesses don’t have to put newly purchased valuable assets on the line, making it a lower risk, safer option.
Fast Approval – As there’s no need for an extensive collateral valuation, the approval process is typically faster
Build Credit – By keeping up with loan repayments, you can establish and improve your credit score.
Business Ownership – None of your equity will be shared with investors, and you will retain full ownership of your business.
Get in touch today to speak to us about Business Start Up Loans Plymouth, and we can take care of the whole application process for you.
Check if You’re Eligible
In order to be eligible for unsecured business start up loans, there’s a few requirements you must meet.
Click below to view the requirements.
In order to be eligible for an unsecured loan:
1
The business must have been operational for at least four months
2
It must have an excellent personal and business credit history
3
Your business must be registered in the UK
4
Your business must have an annual turnover of at least £10,000
5
In some cases, you may be required to have a personal guarantor. If your business cannot repay the loan, your guarantor will be required to pay back the remaining balance
In addition to the above, you will be required to provide:
Proof of identity – Business verification documents – Bank statements
