Business Start-up loans 19% APR

A local community initiative is offering loans for start-up businesses and ongoing small entities at approx. 19% APR (£5k-15k; 5-10 years).  This seems rather high to me,  I realise that the High Street banks aren't lending in this sector, but is lending at this rate actually going to help the problem?   Would love to hear the views of other accountants. 

Comments
There are 7 comments. Login or register to view them.

If you consider that

dreamcatcher |
dreamcatcher's picture

Loans for Micro Businesses

jem |
jem's picture

Had a long standing client in

Carlos_Fandango |

Micro Business Loans

jem |
jem's picture

The problem is

dreamcatcher |
dreamcatcher's picture

Try Money Circle or Zopa

RichardLambert |

Van itself can be security--

uktaxpal |