We’re an official delivery partner one of the “Best Small Business Loans Providers 2022”

19/08/22

A small business loan is a cash loan that helps small business owners access finance to help expand their business and cover operational costs. Forbes Advisor carried out research to identify the best loans available for small businesses. To arrive at their star ratings, they considered numerous criteria to judge small business loan providers and shortlist a few providers.

The criteria used to shortlist

The team of seasoned financial journalists at Forbes Advisor looked at in depth into multiple factors before naming their top six. They looked at the Annual Percentage Rates (APR), the size of the loan that could be borrowed, the length of repayment periods and other differentiating factors such as fees, early repayment charges, turnover requirements among many other factors before deciding on the ‘Best Small Business Loans of 2022’.  After rigorous research the team have found six providers that are the best for small business loans, with the British Business Bank’s Start Up Loan scheme coming out on top.

We deliver this personal loan for business

Business in Focus, a not-for-profit social enterprise, is proud to be an official delivery partner of Start Up Loans, which offers loans to small businesses without a trading history. Forbes Advisor named the small business loan as having one of the ‘most competitive annual interest rates’ as low as 6% APR (fixed). Start Up Loans offers you unsecured loans of between £500 – £25,000 with a repayment period of 1 to 5 years. Once you have been successful in getting your loan you will also receive free business mentoring and access to exclusive business offers for up to a year after you start trading.

To take a look at the loan in more detail, visit our Start Up Loans page