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Getting a business loan for a small start up business

Starting your own business can be a difficult task to accomplish. You need a good idea, a great business plan and last but not least, money. Some people prefer to borrow from friends and family when it comes to starting their own business, but this is not always possible. If you have a great business idea, but not enough money, you should have a look at the options you have for getting a business loan for a small start up business. Here are some ideas for your orientation.

HSBC (business.hsbc.co.uk) is one of the banks that currently offer the possibility of getting a loan of up to £25,000 for starting your own business. You can choose to borrow any amount between £1,000 and £25,000 and you will benefit from fixed interest rates and repayments for the entire life of the loan.

Repayments can be made in 12 months to 10 years and once you qualify for the loan, your account will get credited the same day. There is no need to make a repayment in the first three months after taking the loan.

You can also choose to use a website that compares different types of start-up business loans in order to make sure you consider as many options as possible. One of these websites is loansite.co.uk/starting-a-business, where you can quickly find the perfect loan for you by filling in an online form. You will then be contacted by a specialist who will assist you in making the right choice.

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