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Sunday, October 24, 2021
bestproduct-review.com : Small Business Loan - article
Small business loan plan unveiled | |
A plan to guarantee up to £20bn of loans to small and medium-sized firms to help them survive the downturn has been unveiled by the government. In return for a fee, the state will, in effect, insure banks against companies defaulting on loan repayments. But there are concerns that £20bn will not be enough to get the banks lending sufficient funds to help businesses get access to much needed cash. The Conservatives want ministers to go further and underwrite £50bn of loans. Business Secretary Lord Mandelson said the proposals would target "genuine business needs". Speaking at prime minister's questions, Gordon Brown described the measures as "real help now to deal with specific problems". Alan Duncan, shadow secretary of state for business, responded by dismissing the measures as: "Too little, too late, too complicated... a small bandage on a massive wound." Wednesday, 14 January 2009 |
Friday, October 22, 2021
Helping small businesses get access to capital
After narrowing down the options, the next thing to do is fill out an application for a specific loan or form of financing. You'll need detailed information about how much money you're trying to borrow and documentation on personal income if it applies. Finally, look over any terms and conditions before signing anything so you know exactly what you're getting into!
1) Who is it for? Asking this question will give you an idea of whether or not the company has what you need in terms of qualifications and interest rates. 2) How much do I need? The amount that you are looking for plays a huge role when trying to find a suitable lender, so make sure that your budget is something they offer before applying. 3) What type of Loan am I looking for? There are many different types of loans out there from SBA Loans to Business Credit Cards - knowing
Small Business Loans: What You Need To Know