If you are thinking of starting your own business, one of the key things to consider will be how to finance your venture. Startup loans are one of the most common ways to pay for setting up. Finding the right start-up loan for your needs, however, can be trickier than you’d think. Luckily, at The Startup Guys, we can help you find the right type of finance for best website designers for small business.
Lots of firms combine finance with mentoring and training. Take the School for Startups’ Launcher programme, for instance. As long as you are aged 18 to 30 and based in the UK, these guys could help you get off the ground. Unlike some loan providers, you don’t have to live in a certain catchment area or be set up a certain type of company – and that’s a big bonus.
One of the reasons this provider is so popular is because as well as a startup loan of £9,900, they also offer access to a free support package which includes world-class teaching, a supportive community and regular mentoring to help give your business its best chance of success. The loans are backed by a government, so you will benefit from a lower rate of interest (although we recommend shopping around on this before you commit).
From bespoke tailoring companies to purveyors of organic hummus, the School for Startups Launcher programme has successfully helped scores of entrepreneurs get the finance they needed to get off the ground.
Want to apply? You’ll need to have a few things ready first. There is an initial online application, but you will have to email them certain items of supporting documentation as well.
You should already have a business plan to send them – if not, make writing this your priority, you’ll need it for lots of purposes as you go about setting up a business. They will also need to see a cashflow forecast to illustrate how you will pay them back and some straightforward items of ID. Of course, you will also have to pass the necessary credit checks, so it is worth checking your credit history before you apply.
As experts in helping startup businesses succeed, we think the School for Startups is definitely worth investigating when you are deciding where to go for finance.