Over £800 million worth of loans granted to upcoming entrepreneurs

16/08/22

With over £800 million worth of loans granted to upcoming entrepreneurs, secure your finance today with Start Up Loans.  

Financing a business can be a daunting process but Business in Focus is here to support you through your journey. We aim to help entrepreneurs get off to a strong start and successfully finance their ideas with the support of the Start Up Loans scheme. We’ve helped many entrepreneurs get access to the resources they need to finance their business.

“The Start Up Loans Company and Business in Focus accompanied me throughout this journey, and I have been very pleased with their services. As I had no experience before in business management, I really appreciated being mentored by professional experts.” – Abigail, founder of Welsh Luxury Hamper Company.

Business in Focus has helped numerous entrepreneurs secure loans to grow their business. Abigail, the founder of Welsh Luxury Hamper Company based in Chepstow and one of our clients, secured a loan of £9,000 to launch her business idea. Abigail also received mentoring support from our experienced Business Advisor, Craig Tamplin.

Talking about his experience helping entrepreneurs secure finance, Craig says, “Coming from a back-ground of self-employment has given me the knowledge and experience to assist people in applying for a Start Up Loan. I help clients by equipping them with the right tools and expertise to help them through their journey, making it hassle-free. It’s important for an entrepreneur to feel secure financially when starting up and my job is to help them achieve that and launch their business successfully.”

Business in Focus is an Official Delivery Partner of the Start Up Loans scheme and every entrepreneur applying for a Start Up Loan through Business in Focus has access to exclusive business offers and support from expert Business Advisors. With a mentor to guide you every step of the way, our advisors are here to give you the guidance and support you need to build a solid business plan and submit your application.

What is a Start Up Loan?

Start Up Loans is a government-backed scheme administered by the British Business Bank that provides low interest repayable loans. They’re available for people looking to start a business in Wales or for businesses in Wales under three years old that need financial support in order to develop and cover operational costs. Unlike a business loan, this is an unsecured personal loan only available to individuals over the age of 18.

Why should you apply for a Start Up Loan?

Start Up Loans provide entrepreneurs with financial support ranging from £500 to £25,000. One of the biggest advantages of applying for a Start Up Loan is a low interest rate fixed at 6.19% APR. Fixed interest rates will help you plan your finances better and not feel uncertain about sudden spikes in interest rates. The repayment periods range from one to five years allowing you enough time to repay your loan. There are no set-up fees, early repayment penalties and no minimum trading requirements to apply for the loan. In addition to providing financial support, all successful applicants also receive a year of free expert business mentoring and additional business offers.  

For more information on how to apply for a Start Up Loan, contact the team today through the website – Loans – Business In Focus