The Start Up Loans Company, a subsidiary of the British Business Bank, a government-owned business development bank dedicated to making finance markets work better for smaller businesses, is offering free downloadable guides to help your business.
The Government’s Start Up Loan programme was created to provide finance and support for businesses who struggle to access other forms of funding. Over 46,000 business ideas have been supported since 2012 with more than £300 million worth of loans.
What’s in the Start Up Guides
There are five guides to choose from, and all are full of tips and helpful examples, they can be downloaded here. All the guides are available to view on most devices and can also be printed out.
The Essential Guide to Starting a Business has tips on choosing your company structure, writing a business plan, and what do do about tax requirements.
The Start Up Toolkit 2017 includes a month-by-month guide to important business deadlines, ideas for reducing your corporation tax liability, and advice on self assessment and tax payments.
The Marketing Toolkit gives advice on creating your marketing plan, options for advertising cost effectively and how to attract customers online.
The SEO Toolkit provides insights into search engine optimisation, content creation, backlinks and when to use them, and Google tips including use of keywords.
The PR Toolkit includes advice regarding writing engaging social media content, working with the press including how to create a good press release.
Support and Mentoring from Start up Loans
Support is an important pillar of the Start Up Loans brand. They offer all loan applicants guidance from a business advisor, or ‘mentor’ during the process. The mentors are experienced business professionals who are able to provide one to one support to new loan recipients throughout the early stages of their business journey.
The mentor can act as a sounding board, allowing you to trust your instincts while providing a different perspective. They can also advise on areas that new businesses may not have yet experienced, for example finance or legal issues. A mentor does not have any stake in your business, financial or otherwise.
Interested in a loan?
The government-backed personal loans are available to individuals looking to start or grow a business in the UK. The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application. All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
There is a fixed interest rate of 6% p.a. over 1-5 years, with no set up or early repayment fees, the free business support is there to give you the confidence to succeed, and includes support with business plans and cash flow forecasts.