Business Start-up loans 19% APR

Posted by jem PM | on Fri, 10/08/2012 - 14:30 901 7 comments | report

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.

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If you consider that

dreamcatcher | Fri, 10/08/2012 - 15:00

Loans for Micro Businesses

jem | Fri, 10/08/2012 - 15:57

Had a long standing client in

Carlos_Fandango | Fri, 10/08/2012 - 16:14

Micro Business Loans

jem | Fri, 10/08/2012 - 16:24

The problem is

dreamcatcher | Fri, 10/08/2012 - 16:53

Try Money Circle or Zopa

RichardLambert | Fri, 24/08/2012 - 14:05

Van itself can be security--

uktaxpal | Fri, 24/08/2012 - 15:21